User Account

All Pages

Discuss employers payroll taxes expenses for this employee

Assignment Help Accounting Basics
Reference no: EM131782063

Adam is paid on a monthly basis. For the month of January of the current year, he earned a total of $8,288. FICA tax for Social Security is 6.2% and the FICA tax for Medicare is 1.45%. The FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. The amount of Federal Income Tax withheld from his earnings was $1,375.17. What is the amount of the employer's payroll taxes expenses for this employee?

Reference no: EM131782063

Questions Cloud

How can shielo avoid tainted activities in california : What do you tell Shielo with respect to a reorganization that might isolate its computer activities and limit possible apportionment
Compute turnover rates : Compute turnover rates for 2011 and 2010 for the following: Finished Goods, Goods in process and Raw Materials
Why is seniority considered a critical issue : Why is seniority considered a critical issue? What are the advantages and disadvantages of using a seniority system?
Finding the value of each annuity : Verify your conclusion to (a) by finding the value of each annuity and the difference between them at t = 25 years.
Discuss employers payroll taxes expenses for this employee : The amount of Federal Income Tax withheld from his earnings was $1,375.17. What is the amount of the employer's payroll taxes expenses for this employee
Present value of the cyber security company : 1) Determine the STY terminal or horizon value at the end of five years.=? 2) What is the present value of the cyber security company?
Decide which graph corresponds to which annuity : The figure shows a graph that compares the future values, at 9% compounded monthly, of an annuity of $50 per month and one of $60 per month.
Who would be affected if the proposal is implemented : International Network Solutions provides products and services related to remote access networking. Who would be affected if the proposal is implemented
Five broad categories for the organizational behavior field : What are five broad categories for the organizational behavior field? What are five core topics for each broad category?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd