Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. if an employee is expected to make $27,332/yr in w

If an employee is expected to make $27,332/yr in wages. Calculate the total annual cost...

60.1K

Verified Solution

Question

Accounting

If an employee is expected to make $27,332/yr in wages. Calculate the total annual cost of this employee using the following: Social Security tax = 6.8% of wages up to $105,000 Medicare = 1.8% of wages Workers Comp = $4.25/ $100 of wages FUTA = 0.8% of wages up to $7,000 General Liability Ins. = 0.5% of wages Retirement contribution = 50% match up to 6% of wages Annual cost of employee = ????

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

Finance
1.2K views

You want to purchase an office building in Brooklyn. The property contains 32,100 square feet of...

Chemistry
1.2K views

The density of an aqueous solution containing 15.0% ethanol (C2H5OH) by mass is 0.974 g/mL. A) calculate the...

Psychology
1.2K views

Your answer should be between 300 and 500 words long for each question section A 1. Discuss three...

Biology
1.2K views

Mycorrhizae belong to what group of organism? What other group of organisms are they associated...

Physics
1.2K views

marks A string is wrapped round a log of wood and it is pulled with...

Geometry
1.2K views

Find an equation of the line containing the given points Use function notation to write...

Statistics
1.2K views

e amount of time adults spend watching television is closely monitored by firms because ps...

Accounting
1.2K views

Your corporation needs additional capital to fund an expansion. Discuss the advantages and disadvantages of...

Accounting
1.2K views

Question 4 [15 Points]: XYZ Inc. does not have a target debt-to-value ratio, but it...

Accounting
1.2K views

Lake Power Sports sells jet skis and other powered recreational equipment. Customers pay one-third of...

Accounting
1.2K views

Ferric Chemicals, Inc. has fixed costs of $30,000 per month. The highest production volume during...

Finance
1.2K views

5. Sustainable growth As a firm grows, it must support increases in revenue with new...