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Quiz 10 Chapter 11

Quiz 10 Chapter 11

Q • Question 1 0.2 out of 0.2 points What is the form called that must be provided by the employer annually to each employee as well as to the Social security Administration sumarizing the total earnings of the employee for the year and total taxes withheld? • Question 2 0.2 out of 0.2 points What is the tax called that must be paid by both the employee and the employer that is for health insurance for senior citizens? • Question 3 0.2 out of 0.2 points Which of the following is NOT a payroll deduction mandated by law to be withheld from the employee's paycheck? • Question 4 0.2 out of 0.2 points Assume that the MUST Co. pays a weekly payroll. Using the portion of the Wage Bracket Withholding Table given, what would be the amount of federal income tax to withhold for this pay period for a single employee whose gross earning is $400 and who counted 0 withholding allowance? Table for Percentage Method of Withholding WEEKLY Payroll Period SINGLE person(including head of household)-- Assume the deduction for each withholding allowance is $81 (a) SINGLE person (including head of household)- If the amount of wages (after subtracting withholding allowances) is: Not over $73. . . . The amount of income tax to withhold is $0 Over--- But not over-- of excess over-- $73 ---$260 $ 0.00 plus 10% ---$73 $260 ---$832 $18.70 plus 12% ---$260 $832 ---$1,692 $87.34 plus 22% ---$832 $1,692 --$3,164 $276.54 plus 24% ---$1,692 $3,164 ---$3,998 $629.82 plus 32% ---$3,164 $3,998 ---$9,887 $896.70 plus 35% ---$3,998 $9,887 . . . . . . . . . . . $2,957.85 plus 37% ---$9,887 • Question 5 0.2 out of 0.2 points Assume that the MUST Co. pays a weekly payroll. Using the portion of the Wage Bracket Withholding Table given, what would be the amount of federal income tax to withhold for this pay period for a single employee whose gross earning is $825 and who counted 1 withholding allowance? Table for Percentage Method of Withholding WEEKLY Payroll Period SINGLE person(including head of household)-- Assume the deduction for each withholding allowance is $81. (a) SINGLE person (including head of household)- If the amount of wages (after subtracting withholding allowances) is: Not over $73. . . . The amount of income tax to withhold is $0 Over--- But not over-- of excess over-- $73 ---$260 $ 0.00 plus 10% ---$73 $260 ---$832 $18.70 plus 12% ---$260 $832 ---$1,692 $87.34 plus 22% ---$832 $1,692 --$3,164 $276.54 plus 24% ---$1,692 $3,164 ---$3,998 $629.82 plus 32% ---$3,164 $3,998 ---$9,887 $896.70 plus 35% ---$3,998 $9,887 . . . . . . . . . . . $2,957.85 plus 37% ---$9,887

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