Multiple Choice
An employee has gross earnings of $1000 and withholdings of $60 FICA (OASDI and Medicare) ,and $50 for income taxes (FIT and SIT) .The employer pays $60 FICA (OASDI and Medicare) ,$10 for SUTA,and $5.60 FUTA.What is the employer's total cost of the employee?
A) $915.60
B) $1,075.60
C) $975.60
D) $1,035.60
Correct Answer:

Verified
Correct Answer:
Verified
Q4: The amount withheld for FICA is based
Q102: Compute the net pay for each employee
Q103: For each of the following, identify in
Q105: The amount of FICA-OASDI and FICA-Medicare withheld
Q106: Estimate the annual advance premium for workers'
Q109: A W-4 form:<br>A)determines the amount of FICA-OASDI
Q110: Gross pay is equal to take-home pay
Q110: Most employers are levied a payroll tax
Q111: Dave Brown's cumulative earnings are $102,000,and his
Q112: Which report would an employer review if