Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. current attempt in progress crane's pet sitting s

Current Attempt in Progress Crane's Pet Sitting Service hired 5 part-time employees to keep...

70.2K

Verified Solution

Question

Accounting

Current Attempt in Progress
Crane's Pet Sitting Service hired 5 part-time employees to keep up with business. Crane estimated the wages would be $8,000 per
employee. Crane was concerned about how much payroll taxes would cost. Calculate Crane's total payroll taxes for FICA (the 7.65%
FICA tax rate consists of the Social Security tax rate of 6.2% on salaries and wages up to $128,400 and the Medicare tax rate of 1.45%
on all salaries and wages), federal unemployment tax (0.6%), and state unemployment tax (5.4%).(Round answers to 2 decimal places, e.g.
52.75.)
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

What is self-deception? Is self-deception a positive or a negative aspect of human psychology? Please provide...

Psychology
Q

2. Which of the following is true in relation to a fixed rate lender that wishes...

Finance
Q

In carrying out normal activities cells use oxygen and produce carbon dioxide The concentration of...

Biology
Q

The length of sonometer wire between two fixed ends is 100 cm Three bridges A...

Physics
Q

6 A watermelon explodes into three equal masses One mass moves east at 15 0...

Physics
Q

Data means so many things to people Some think of data as just a set...

Statistics
Q

Consider the following functions and calculate their limits as x a numerically by computing the...

Calculus
Q

1 X 6 1 Use transformations of f x to graph g x 4 Which...

Algebra
Q

check your answer 3x 4 4x 3 Tyne a response

Algebra
Q

The annual premium for the insurance policy was paid on September 1, 2021 for $7,260...

Accounting
Q

Find the future value for each of the following scenarios, where m is the periodic...

Accounting
Q

A 10-year, 9% coupon bond currently sells for $92. Another 10-year currently sells for $84...

Finance