aspen ski resorts has 100 employees, each working 40 hours per week and earning $20 an hour. Compute the total payroll tax expense Aspen Ski Resorts will pay for the first week of January.

Respuesta :

Answer:

total payroll tax expense  $11.080

Explanation:

First, calculate the total expense in salaries.

100 * 40 * 20 = $80.000

Based on this amount, calculate the taxes associated.

Fica Taxes : 80.000 * 0.765 = 6.120

Unemployment taxes: 80.000 * 0.062 = 4.960

total payroll tax expense  $11.080