Action Travel has 10 employees each working 40 hours per week and earning $20 an hour....

Transcribed Image Text:

Action Travel has 10 employees each working 40 hours per week and earning $20 an hour. Federal income taxes are withheld at 15% and state income taxes at 6%. FIICA taxes are 765% and unemployment taxes are 3.8% of the first $7,000 earned per employee. What is the employer's total payroll tax expense for the first week of January? $916. $304. $612 $1,224. Action Travel has 10 employees each working 40 hours per week and earning $20 an hour. Federal income taxes are withheld at 15% and state income taxes at 6%. FIICA taxes are 765% and unemployment taxes are 3.8% of the first $7,000 earned per employee. What is the employer's total payroll tax expense for the first week of January? $916. $304. $612 $1,224.

Answer rating: 100% (QA)

Solution Amount Calculation FICA Taxes 6... View the full answer