Alfred Spindle earned gross wages of $1,750 for the week ended June 21, 2016. Hi
ID: 2485344 • Letter: A
Question
Alfred Spindle earned gross wages of $1,750 for the week ended June 21, 2016. His gross wages year to date, prior to his June 21 paycheck, are $38,816. He had $85 withheld from his pay for federal income taxes, and $29 for health insurance. Social Security tax is 6.2% and Medicare tax is 1.45%; the federal unemployment tax rate is 0.6% and the state unemployment tax rate is 5.4%, both on a maximum of $7,000 per each employee's annual earnings. What is the total employer payroll tax expense from Alfred's June 21, 2016, paycheck?
$0
$133.88
$238.88
$105.00
Alfred Spindle earned gross wages of $1,750 for the week ended June 21, 2016. His gross wages year to date, prior to his June 21 paycheck, are $38,816. He had $85 withheld from his pay for federal income taxes, and $29 for health insurance. Social Security tax is 6.2% and Medicare tax is 1.45%; the federal unemployment tax rate is 0.6% and the state unemployment tax rate is 5.4%, both on a maximum of $7,000 per each employee's annual earnings. What is the total employer payroll tax expense from Alfred's June 21, 2016, paycheck?
$0
$133.88
$238.88
$105.00
Explanation / Answer
Total employer payroll tax expense from Alfred's June 21, 2016, paycheck= 1750* (0.6%+5.4%) = $ 105
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