Probleman employee has gross earnings of 1200 and, Ask an Expert

Accounting

Problem:

An employee has gross earnings of $1,200 and withholdings of $91.80 for Social Security and Medicare taxes and $120 for income taxes. The employer pays $91.80 for Social Security and Medicare taxes, $9.60 for FUTA, and $64.80 for SUTA.

Required:

The total cost of this employee to the employer is

a. $1,301.40

b. $1,200.00

c. $1,366.20

d. $1,578.00

Note: Please show how you came up with the solution.

View complete question

Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91164254

Have any Question?Write your Review or question?

Related Questions in Accounting Basics

Question - in january ms nw projects that her employer will

Question - In January, Ms. NW projects that her employer will withhold $25,000 from her 2019 salary. However, she has income from several other sources and must make quarterly estimated tax payments. 1. Compute the quart ...

Question - bob smith borrowed 200000 on january 1 2015 the

Question - Bob Smith borrowed $200,000 on January 1, 2015. The interest rate of 8% is compounded semiannually to be repaid January 1, 2025. To repay this Bob wants to start making five equal annual deposits into fund tha ...

Question - a building classified as part of ppe is

Question - A building classified as part of PPE is accounted for differently from a building classified as Investment Property. The cost and fair value models are available for both, but whereas PPE is depreciated under ...

Practical and written assessment -assignment

Practical and Written Assessment - Assignment questions Baulkham Hills Shire Council owns and operates an animal shelter that performs three services: housing and finding homes for stray and unwanted animals, providing h ...

Question - mr garrett a single taxpayer has 16000 agi

Question - Mr. Garrett, a single taxpayer, has $16,000 AGI. Assume the taxable year is 2018. Use Standard Deduction Table. Married filing jointly and surviving spouses - $24,000 Married filing separately - 12,000 Head of ...

Question - doug is considering investing in one of two

Question - Doug is considering investing in one of two partnerships that will build, own, and operate a hotel. One is located in Canada and one is located in Arizona. Assuming both investments will generate the same befo ...

Question - adams madison needs 252800 in 10 yearshow much

Question - Adams Madison needs $252,800 in 10 years. How much must he invest at the end of each year, at 12% interest, to meet his needs? Adams Fillmore's lifelong dream is to own his own fishing boat to use in his retir ...

Question my choice is starbucksaccess each of the social

Question: My choice is Starbucks Access each of the social media pages for the brand you have selected (Facebook, Twitter, Instagram, etc.). Provide an assessment of the effectiveness of the social media sites: number of ...

Question - a company incurred the following transactions

Question - A company incurred the following transactions: 1. Wages of $2,650 accrued at the end of the prior fiscal period were paid this fiscal period. 2. Real estate taxes of $7,100 applicable to the current period hav ...

Fundamentals of value creation in business assignment -

FUNDAMENTALS OF VALUE CREATION IN BUSINESS ASSIGNMENT - ACCOUNTING Requirements - 1. The following is a list of companies from the latest ASX. These companies are carefully chosen to suit this project and the learning ou ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Accounting Basics Expert