Ada Marion earns a salary of $7,500 per month during the year. FICA taxes are 7.65%...

Ada Marion earns a salary of $7,500 per month during the year. FICA taxes are 7.65% on the first $117,000 of gross earnings. Federal unemployment insurance taxes are 6.2% of the first $7,000; however, a credit is allowed equal to the state unemployment insurance taxes of 5.4% on the $7,000. During the year, $25,600 was withheld for federal income taxes and $5,700 was withheld for state income taxes.

question: Determine the cost of employing Grace for the year. (im not sure how i figure this one.)

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ekkarill92 answered 1 year ago

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