Runner Company incurred the following amounts for their most recent pay period for employee gross wages totaling $10,000. Federal income tax withholding $ 2,400 State income tax withholding $ 1,100 Federal unemployment tax $ 800 State unemployment tax $ 1,200 The FICA tax rate is 7.65% and assume that all wages are subject to the FICA tax. How much was employee net pay total for the payroll period?
Runner Company incurred the following amounts for their most recent pay period for employee gross wages totaling $10,000. Federal income tax withholding $ 2,400 State income tax withholding $ 1,100 Federal unemployment tax $ 800 State unemployment tax $ 1,200 The FICA tax rate is 7.65% and assume that all wages are subject to the FICA tax. How much was employee net pay total for the payroll period?
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter8: Employer Taxes, Payments, And Reports
Section: Chapter Questions
Problem 4E
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Question
Runner Company incurred the following amounts for their most recent pay period for employee gross wages totaling $10,000.
|
Federal income tax withholding |
$ 2,400 |
|
State income tax withholding |
$ 1,100 |
|
Federal |
$ 800 |
|
State unemployment tax |
$ 1,200 |
The FICA tax rate is 7.65% and assume that all wages are subject to the FICA tax. How much was employee net pay total for the payroll period?
Group of answer choices
$ 3,735
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