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
Where can I find statistics on how goal setting can help elementary students?

Q.2. (ii) A company making lamps has drawn a sample from its production line and measured the light output from each. The results, in microamps, are as follows: 9.1 9.8 9.5

Choose a variable and collect data consisting of at least 30 values. Before collecting the data, decide what a likely average might be, then complete the following: a. Write a b

Stability Criterion A survey of periodic table carefully reveals that those elements in which N / Z = 1 or 1.6 are stable. Amongst these, the elements having even N and even Z ar

BALANCE SHEET A financial report that shows the resources, obligations, and stock of a business at a specified time frame in complying with usually recognized sales concepts (GAAP

Ascertainment Bias A possible form of the bias, mainly in retrospective studies, which arises from a relationship amongst the exposure to the risk factor and the probability o

Stock at hand 1000 unit at #0.80 each, received 2000 units at #1.10 each,

what is difference between histogram and historigram

I was recently buying shoes when the salesperson commented on how large my feet were. After telling him he had lousy sales techniques, I decided to investigate if I really do have