Short Answer
Ben's Mentoring had the following information for the pay period ending September 30: Assume:
FICA-OASDI applied to the first $128,400 at a rate of 6.2%.
FICA-Medicare applied at a rate of 1.45%.
FUTA applied to the first $7,000 at a rate of 0.8%.
SUTA applied to the first $7,000 at a rate of 5.6%.
State income tax is 3.8%.
Employees contribute to their retirement fund at a rate of 5.5% of their gross earnings.
-Compute the total deductions.
Correct Answer:

Verified
Correct Answer:
Verified
Q18: The following data applies to the July
Q62: Ben's Mentoring had the following information for
Q64: The look-back period is used to determine
Q65: Form 941 taxes include OASDI, Medicare, and
Q66: The following data applies to the July
Q68: Ben's Mentoring had the following information for
Q69: When a business starts, what must it
Q70: The entry to record employer's total FICA,
Q71: The payment of FUTA would include:<br>A) a
Q72: FIT Payable has a credit normal balance.