Roy DeSoto earns a regular hourly salary of $21.00. He is paid time-and-a-half f

Question

Roy DeSoto earns a regular hourly salary of $21.00. He is paid time-and-a-half for all hours in excess of 40 in the week. For the week ended March 8, 2016, he worked a total of 60 hours. His gross wages year to date, prior to his March 8, paycheck, are $12,080. Social Security Tax is 6.2%, Medicare Tax is 1.45%, federal unemployment tax is 0.6% and state unemployment tax is 5.4%, both on a maximum of $7,000 of gross wages per year. What is the employer's payroll tax expense for Roy for the week ended March 8, 2016?

$171.99

$114.66

$200.66

$112.46

Explanation / Answer

so option d is correct

gross salary 1470 (40*21)+(20*31.5) social security tax(6.2%*1470) 91.14 medicare tax(1.45%*1470) 21.315 federal unemployment tax 0 state unemployment tax 0 total 112.46 as yearly wages exceed $ 7000 ,so unemployment tax is not payable

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