(please show work for both) 1) Bobby Darin is the only employee of Atlantic Reco

Question

(please show work for both)

1) Bobby Darin is the only employee of Atlantic Records, Inc. During the first week of January, Darin earned $800 and had federal and state income tax withholdings of $40 and $15, respectively. FICA taxes are 7.65 percent on wages up to $100,000. State and federal unemployment taxes for the period are $50 and $8, respectively.What would be the amount of Darin's payroll check for the first week of January?

2) Bobby Darin is the only employee of Atlantic Records, Inc. During the first week of January, Darin earned $800 and had federal and state income tax withholdings of $40 and $15, respectively. FICA taxes are 7.65 percent on wages up to $100,000. State and federal unemployment taxes for the period are $50 and $8, respectively. What is the employer's payroll tax expense for the week?

Explanation / Answer

1 Amount of Darin's payroll check = 800-40-15(800*7.65%)= $683.80 2 Employer's payroll tax expense = (800*7.65%)+50+8= $119.2

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