Mr. Zee worked 52 hours during the week ended January 18, 2016. He is paid $10 p

Question

Mr. Zee worked 52 hours during the week ended January 18, 2016. He is paid $10 per hour, and is paid time-and-a-half for all hours over 40 in a week. He had $120 withheld from his pay for federal income taxes, and $20 withheld for health insurance. The combined social security and Medicare tax rate is 7.65%, and the federal and state unemployment tax rates are 0.6% and 5.4%, respectively. All earnings are taxable. What is the total employer payroll tax expense for Mr. Zee's current paycheck? $79.17 $44.37 $34.80 $0

Explanation / Answer

Mr Zee, Payroll calculation for the week ended   Jan 18. 2016. Details Amt $ Salary @$10 /hr for 40 hours                  400 Salary @$15 for 12 additional hrs                  180 Gross Salary for the week                  580 FICA & Medicare Tax @7.65% $          44.37 FUTA @0.6%= $            3.48 SUTA @5.4%= $          31.32 So Employer Payroll Tax = FICA +Medicare+FUTA+SUTA = $          79.17 So correct answer is $79.17

Related Questions

Navigate

• Browse (All)
• Browse M
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.