Respuesta :
Answer:
The amount of Longbow’s payroll check for the first week of January = $2051.4
Explanation:
Given:
First week earning = $2,400
Federal and state income tax= $165 ($120+$45)
Fica tax = $183.6 (7.65% * $2400)
The state and federal unemployment taxes for the period will not be deducted by the employer, it wil be paid by Thomas himself.
Therefore, the amount of Longbow’s payroll check for the first week of January would be:
Earning - federal and state income tax - FICA tax
$2400 - $165 - $183.6
= $2051.4
Payroll is referred to as the list of people that are performing tasks or are working for the accomplishment of the objectives of the organization. It is the total amount or the sum of money that the company pays to its employees when all the tasks are accomplished.
The given information is:
First week earning = $2,400
[tex]\text{Federal and state income tax}= \$165 (\$120+\$45)[/tex]
[tex]\text[FICA tax} = \$183.6 (7.65\% \times \$2400)[/tex]
The state and federal unemployment taxes for the period will not be deducted by the employer, as they will be paid by Thomas himself.
Therefore, the amount of Longbow’s payroll check for the first week of January is:
[tex]\begin{aligned}\text{Earning - federal and state income tax - FICA tax}\\=\$2400 - \$165 - \$183.6\\= \$2051.4\end{aligned}[/tex]
Therefore, The amount of Longbow’s payroll check for the first week of January is $2051.4.
To know more about Longbow’s payroll check for the first week of January, refer to the link below:
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