Question

In: Accounting

What amount will be paid to employees for this payroll.

 

 On 1/31/2020, Deluxe Printing pays employee salaries of $14,000. Withholdings are $850 for the employee portion of FICA, $1,800 for federal income tax, $500 for state income tax, and $400 for the employee portion of health insurance (payable to Blue Cross/Blue Shield). The company incurs $150 for federal and state unemployment tax and $400 for the employer portion of health insurance.

 What amount will be paid to employees for this payroll.

 $9,900.

 $10,300.

 $14,000.

 $10,450.

 

Solutions

Expert Solution

Calculation of amount paid to employees:

Particulars Amount
Salaries $14,000
Less: Deductions  
FICA tax 850
Federal income tax 1,800
State income tax 500
Health insurance 400
Amount paid to employees $10,450

Amount paid to employees = $10,450 is the correct answer.

 

$10,450 is the correct answer.


$10,450 is the correct answer.

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