Current Liabilities and Payroll , Accounting, Basic Statistics

Prior to the last payroll period of the calendar year, the cumulative earnings of Employer A were $105000. The earnings for the last payroll period of the year which will be paid on December 30, are 3500. The Social Security tax is 6% on the first $100,000 of the annual earnings, and the Medicare tax rate is 1.5% on all earnings. What is the employers total FICA tax on the salary?
Posted Date: 2/2/2012 5:24:58 PM | Location : United States







Related Discussions:- Current Liabilities and Payroll , Accounting, Assignment Help, Ask Question on Current Liabilities and Payroll , Accounting, Get Answer, Expert's Help, Current Liabilities and Payroll , Accounting Discussions

Write discussion on Current Liabilities and Payroll , Accounting
Your posts are moderated
Related Questions
ANOVA 1 and 2 way, t and f-tests 1,2 or more means... standard deviations known/unknown. I have a project where I must use these tests, but I''m not clear on the when and how.

APPROVING MANAGER An individual within an agency who is responsible for assigning buy card custodians and developing buy card limits within the organization.

is direct costing variable, relevant or prime costing

It is known that the average height of a man residing in the Canada is 174 cm and the standard deviation is 8 cm. Assume the heights are normally distributed. To test the hypothesi

Assume that you have a client that is a paper manufacturer and they have expressed concern that the government will pass a new regulation banning the use of chlorine-based technolo

In an examination 600 candidates appeared, boys outnumbered girls by 16% of all candidates. number of passed candidates exceeded the number of failed candidates by 310. Boys failin

Imagine you are faced with the opportunity to play two coin flips, in which you get to call heads or tails prior to the flip of a fair, two-sided coin.  (That is, heads and tails h

Explain definition of bad debt reserve and provision in terms of accounts receivable likely to be uncollected. Bad debt reserve provision Bad debt reserve provision is a amount

Your friend Jose is trying to decide whether to buy or lease his next vehicle. He has gathered information about each option but is not sure how to compare the alternatives. Purcha

In a survey of 284 smokers, 197 smokers reported that they wanted to quit smoking. Compute a 90% confidence interval for the true proportion of smokers that want to quit smoking.