Spencer's gross pay for the week is $1,600
Spencer's yearly pay is under the limit for OASDI. Assume that the rate for state and federal unemployment compensation taxes is 6% and that Spencer's year-to-date pay has not yet exceeded the $7,000 cap. What is the amount of state and federal unemployment tax that his employer must record as payroll tax expense and pay to the federal and state governments?
A) $225.84
B) $215.20
C) $119.20
D) $96.00
D .
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An account which is increased by a debit is a
A. revenue account B. retained earnings account C. liability account D. dividends account
Which of the following statements is true?
A) The larger the load, the longer the queue. B) If queue is reduced, the lead time and work in process will be reduced. C) The largest element of manufacturing lead time is queue. D) All of the above are true.