Multiple Choice
Bill James earned $800 for the week.If his cumulative earnings are $30,000 prior to this pay period,how much FICA-OASDI must his employer withhold from his earnings? FICA tax rates are OASDI 6.2% on a limit of $117,000.
A) $496.00
B) $4.96
C) $49.60
D) None of the above is correct.
Correct Answer:
Verified
Correct Answer:
Verified
Q11: Dave Brown's cumulative earnings are $73,000,and his
Q14: Bob's Auction House's payroll for April includes
Q15: There are two parts to FICA:<br>A)old age
Q17: A work week is 180 hours in
Q21: Karen's cumulative earnings before this pay period
Q63: FICA (OASDI and Medicare) and unemployment taxes
Q88: Workers' compensation provides insurance for employees who
Q109: To examine in detail the weekly payroll
Q122: Workers' compensation:<br>A) insures employees against losses they
Q134: Gross Earnings are the same as:<br>A) regular