Question : 53.George’s Gameroom had two employees with the following earnings information: Use : 1168925

 

 

53.George’s Gameroom had two employees with the following earnings information:  Use the table above and calculate how much of Barbara’s December 15 paycheck is still subject to state unemployment tax given that the rate is 4% and federal unemployment tax is .6% and both taxes are levied on only the first $7,000 of each employee’s annual earnings.   

A. $700

 

B. $5,900

 

C. $1,800

 

D. $1,100

 

 

 

54.George’s Gameroom had two employees with the following earnings information:  Use the table above and calculate how much of Hillary’s December 15 paycheck is still subject to Social Security tax given that the tax is levied on the first $113,700 of annual wages and the Medicare tax rate is 1.45% on all earnings.   

A. $2,500

 

B. $2,800

 

C. $3,200

 

D. $6,000

 

 

 

55.Jerry Little’s gross wages as of October 31 were $110,000. He earned gross wages of $4,000 for the pay period ended November 15, 2016. Deducted from his paycheck this period, were federal income taxes of $400, state income taxes of $150, social security of 6.2% on the first $113,700 and Medicare tax of 1.45%. State Unemployment Tax is 4%, and Federal Unemployment tax is .6% on the first $7,000 of annual earnings. Calculate the employer payroll income taxes associated with Jerry’s November 15 paycheck.   

A. $1,048.00

 

B. $498.00

 

C. $306.00

 

D. $287.40

 

 

 

56.Rick O’Shea, the only employee of Hunter Furniture Company, makes $30,000 per year and is paid once a month. For the month of January, his federal income taxes withheld are $180, state income taxes withheld are $37, social security is 6.2% on a maximum wages of $113,700, Medicare tax is 1.45%, State Unemployment Tax is 4.2%, and Federal Unemployment tax is .6%, both on a maximum wages of $7,000 per employee. What is the employer’s payroll tax expense associated with Rick’s paycheck?   

A. $120.00

 

B. $191.25

 

C. $311.25

 

D. $150.00

 

 

 

57.Samantha Rodriguez had gross earnings for the pay period ending 10/15/16 of $4,785. Her total gross earnings as of 9/30/16 were $111,400. Social Security taxes are 6.2% on a maximum earnings of $113,700 per year. The Social Security tax due by her employer from her 10/15/16 paychecks is:   

A. $297.67

 

B. $142.60

 

C. $154.07

 

D. $192.75

 

 

 

58.Which of the following is not an employer payroll tax:   

A. federal unemployment tax

 

B. federal income tax

 

C. state unemployment tax

 

D. FICA (Social Security and Medicare)

 

 

 

 

59.Roy DeSoto earns a regular hourly salary of $24.50. He is paid time-and-a-half for all hours in excess of 40 in the week. For the week ended March 8, 2016, he worked a total of 50 hours. His gross wages year to date prior to his March 8 paycheck are $11,980. Social Security Tax is 6.2%, Medicare Tax is 1.45%, federal unemployment tax is .6% and state unemployment tax is 4.2%, both on a maximum of $7,000 of gross wages per year. What is the employer’s payroll tax expense for Roy for the week ended March 8, 2016?   

A. $154.96

 

B. $123.97

 

C. $170.47

 

D. $103.08

 

 

 

60.Kristy Casey earns $39,000 per year and is paid once a month. For January, she had $188 withheld from her pay for federal income taxes, and $52 withheld for health insurance. Social Security and is 6.2% and Medicare tax is 1.45%; the federal unemployment tax rate is .6% and state unemployment tax rates is 4.2%. What is the total employer payroll tax expense for Kristy’s January paycheck?   

A. $385.13

 

B. $162.50

 

C. $248.63

 

D. $404.63

 

 

 

61.Mary Gonzalez had total cumulative gross earnings of $4,500 as of 1/30. Her gross earnings for the pay period ending 2/15 were $3,000. If federal unemployment taxes are .6% on a maximum earnings of $7,000 per year, how much federal unemployment tax will be paid by Mary and how much will be paid by her employer for her earnings of 2/15?   

A. Mary will pay $0 and her employer will pay $15.

 

B. Mary will pay $0 and her employer will pay $18.

 

C. Mary will pay $15 and her employer will also pay $15.

 

D. Mary will pay $0 and her employer will pay $3.

 

 

 

62.Identify the list of accounts below that would normally all have a credit balance.   

A. Payroll Taxes Expense, State Unemployment Tax Payable, Wages Payable

 

B. Worker’s Compensation Insurance Expense, Prepaid Insurance, Medicare Tax Payable

 

C. Worker’s Compensation Insurance Payable, Salaries Payable, Salaries Expense

 

D. Social Security Tax Payable, Medicare Tax Payable, Employee Income Tax Payable

 

 

63.Which of the following payroll taxes is not paid by the employee?   

A. federal unemployment tax

 

B. federal income tax

 

C. state income tax

 

D. FICA (Social Security and Medicare)

 

 

 

 

64.For which of the following is there no limit to the amount of wages subject to the tax?   

A. federal unemployment tax

 

B. Medicare tax

 

C. state unemployment tax

 

D. Social Security tax

 

 

 

 

65.Which of the following payroll taxes is not paid by the employee?   

A. federal unemployment tax

 

B. federal income tax

 

C. state income tax

 

D. FICA (Social Security and Medicare)