Business
Business, 25.02.2020 16:56, JeroMii

For the week ended February 20, 20X5, Epsilon Co. paid gross wages of $15,000, from which federal income taxes of $1,500 were withheld. All wages paid were subject to FICA tax rates of 7% each for employer and employee. Epsilon must also pay the 2% FUTA tax employers are subject to. Epsilon makes all payroll-related disbursements from a special payroll checking account. What amount should Epsilon have deposited in the payroll checking account to cover payroll and related payroll taxes for the week ended February 20, 20X5?

a. $13,800

b. $12,450

c. $16,350

d. $15,000

answer
Answers: 1

Other questions on the subject: Business

image
Business, 22.06.2019 18:00, firesoccer53881
If you would like to ask a question you will have to spend some points
Answers: 1
image
Business, 23.06.2019 04:40, betoo9090
Aneighborhood home owners association suspects that the recent appraisal values of the houses in the neighborhood conducted by the county government for taxation purposes is too high. it hired a private company to appraise the values of ten houses in the neighborhood. the results, in thousands of dollars, are?
Answers: 1
image
Business, 23.06.2019 08:30, ineedhelp2285
Which statement defines the term price ?
Answers: 2
image
Business, 23.06.2019 17:30, lil3114
While discussing their marketing campaign for a new product, the members of the cross-functional team responsible for carver inc. realized that a couple of changes relating to their prior plan would be beneficial. the offer of a franchising that had earlier been brushed off by the company head was discussed thoroughly and it was decided that it would be implemented on a trial basis initially, and on full scale if found to work well. from the information provided, it can be concluded that this cross-functional team has a high degree of a) conformity b) demography c) uncertainty d) reflexivity e) diversity
Answers: 2
Do you know the correct answer?
For the week ended February 20, 20X5, Epsilon Co. paid gross wages of $15,000, from which federal in...

Questions in other subjects: