Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. spencer's gross pay for the week is $1,900.spencer

Spencer's gross pay for the week is $1,900.Spencer's yearly pay is under the limit for...

50.1K

Verified Solution

Question

Accounting

Spencer's gross pay for the week is $1,900.Spencer's yearly pay is under the limit for OASDI. Assume that the rate for state and federal unemployment compensation taxes is 6% and that Spencer's year-to-date pay has not yet exceeded the $7,000 cap. What is the amount of state and federal unemployment tax that his employer must record as payroll tax expense and pay to the federal and state governments? (Round your final answer to the nearest cent.)

a) $255.55

b) $141.55

c) $114.00

d) $ 268.19

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

Polaski Company manufactures and sells a single product called aRet. Operating at capacity, the...

Accounting
Q

Are there holes in the scientific research of gmo's that we should be looking at?

Biology
Q

A 0.158 kg glider is moving to the right on a frictionless, horizontal air track with...

Physics
Q

2. A 2kg puck is located at position (5???? 2???)m with velocity (?7???? ???)m/s at time...

Physics
Q

if rotational kinetic energy of spinning hoop A is 32 joules what is the rotational...

Physics
Q

Solve the following system of equations.4a - 40b = - 188a + 36c =...

Basic Math
Q

Which of the following systems of inequalities would produce the region indicated on the graph...

Basic Math
Q

Problem 3 Let f x 7e a What are the domain and range of f...

Calculus
Q

6 Write an expression for the volume of a rectangular prism if the length is...

Algebra
Q

In June 2019, Kim filed for divorce from her husband, Eric. Although they lived apart...

Accounting
Q

QUESTION 7 Management has the primary responsibility for preparing financial statements and safeguarding...

Accounting
Q

Describe what is required to develop and implement consultation processes ensuring that employees have the...

Accounting