The totals from the first payroll of the year are shown below. Total Earnings: 4

Question

The totals from the first payroll of the year are shown below.

Total Earnings: 46,195.10
FIT TAX : $6,515.00
Union Dues: 500.00


1. What is the FICA-OASDI for the ER amount based on this total earnings figure" (Points : 3)
A) $2,864.10
B)$669.83
C)$3,533.92
D)$856.83


2. What is the FICA - HI amount based on the total earnings above? (Points : 3)
A) $2,864.10
B) $669.83
C) $3,533.92
D) $856.83


3. If state taxes are .78% what would be the state tax due? (Points : 3)
A) $360.32
B) $369.56
C) $323.37
D) $346.46


4. What would be the net pay? (Points : 3)
A)$ 35,285.85
B)$39,680.10
C)$39,180.10
D)$42,300.85


5. What would be the total FICA amount for the ER and EE? (Points : 3)
A)$2,864.10
B) $5,728.10
C)$7,067.86
D) $3,533.93

Explanation / Answer

b d a c d

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