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The totals from the first payroll of the year are shown below.
Total Earnings: 46,195.10  
FIT TAX : $6,515.00
Union Dues: 500.00

Question 1.1. What is the FICA-OASDI for the ER amount based on this total earnings figure? (Points : 3) 

$2,864.10
$669.83
$3,533.92
$856.83

Question 2.2. What is the FICA - HI amount based on the total earnings above? (Points : 3) 

$2,864.10
$669.83
$3,533.92
$856.83

Question 3.3. If state taxes are .78% what would be the state tax due? (Points : 3) 

$360.32
$369.56
$323.37
$346.46

Question 4.4. What would be the net pay? (Points : 3) 

$35,285.85
$39,680.10
$39,180.10
$42,300.85

Question 5.5. What would be the total FICA amount for the ER and EE? (Points : 3) 

$2,864.10
$5,728.10
$7,067.86
3,533.93 

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M91750718

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