Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. an employee eorned $5,400 in february working for

An employee eorned $5,400 in February working for an employet. The Federal insurance Contributions Act...

70.2K

Verified Solution

Question

Accounting

image
An employee eorned $5,400 in February working for an employet. The Federal insurance Contributions Act (FiCA) tax rate for Social Secyity is 62% of the first $137700 earned during esch calendar year and the Federal insurance Contributions Act (FICA) tax rate for Medicare is 145% of all earnings. The efipioyee has 5724 in federal income toxes withheld and has voluntary deductions for health insurance of $50 and contributes $540 to a retirement plan each month. The employer pays the $220 remainder of the health insurance premium and on equal amount of contribution to the retirement fund. What is the amount of not poy for the empioyee for the month of February? Muriple Choice $4066.00 $3.672.90 530290 54,26290 $4600

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

Mechanical Engineering
1.2K views

  Saturated liquid Propane flows in to a valve. It enters at 375 psia, and leaves...

Basic Math
1.2K views

Mr Young built a greenhouse 42 feet wide 110 feet long 5 feet to the...

Basic Math
1.2K views

The solution to a two-variable system is the point on a graph at which thelines...

Statistics
1.2K views

Roller coaster ride: A roller coaster is being designed that will accommodate 60 riders. The...

Calculus
1.2K views

x 2x 3 Consider the graph of the function f x X 5076 What are...

Calculus
1.2K views

Find the first five terms of the geometric sequence given the first term and common...

Algebra
1.2K views

Find an equation of the line shown Your answer should be written in standard form...

Algebra
1.2K views

The slope and a point on a line are given Use this information to locate...

Accounting
1.2K views

Ducharme Corporation was organized by five individuals on January 1 of the current year. The...

Accounting
1.2K views

differential equations Can you solve question please Q3)(20 points) Solve the given BVP y"...

Accounting
1.2K views

bonds were issued at 596.768 to yield an annul return of 1050 Reyuired: 1) Shuw...

Accounting
1.2K views

Eric Segal has just purchased the film studio of a movie company that specializes in...