Bobby Darling is the only employee of Atlantic Records, Inc. During the first we
ID: 2417928 • Letter: B
Question
Bobby Darling is the only employee of Atlantic Records, Inc. During the first week of January, Darling earned $1,400.00 and had federal and state income tax withholdings of $70.00 and $26.25, respectively. FICA taxes are 7.65 % on earnings up to $117,000. State and federal unemployment taxes for the period are $87.50 and $14.00, respectively.
Required information
What would be the amount of Darling’s payroll check for the first week of January?
$1,196.65
$1,292.90
$1,095.15
$1,400.00
Bobby Darling is the only employee of Atlantic Records, Inc. During the first week of January, Darling earned $1,400.00 and had federal and state income tax withholdings of $70.00 and $26.25, respectively. FICA taxes are 7.65 % on earnings up to $117,000. State and federal unemployment taxes for the period are $87.50 and $14.00, respectively.
Explanation / Answer
1st option is correct.
income earned $1400
less with holding tax (96.25)
less fica tax (107.1)
paycheque will be $1196.65