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The Fiesta Royale Corporation Payroll for the First Week in January

Question 10

Multiple Choice

The Fiesta Royale Corporation payroll for the first week in January was $14,000.The amount of income tax withheld was 20 percent and the FICA,state unemployment,and federal unemployment tax rates were 8 percent,5 percent,and 1 percent,respectively.The amount of the employees' withholding taxes are:


A) $4,760.
B) $3,920.
C) $2,800.
D) $5,100.

Correct Answer:

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