Bobby Darling is the only employee of Atlantic Records, Inc. During the first we
ID: 2489971 • Letter: B
Question
Bobby Darling is the only employee of Atlantic Records, Inc. During the first week of January, Darling earned $4,000.00 and had federal and state income tax withholdings of $200.00 and $75.00, respectively. FICA taxes are 7.65 % on earnings up to $117,000. State and federal unemployment taxes for the period are $250.00 and $40.00, respectively.
What would be the amount of Darling’s payroll check for the first week of January?
$4,000.00
$3,129.00
$3,694.00
$3,419.00
What would be the amount of Darling’s payroll check for the first week of January?
Explanation / Answer
particulars Amount $ Income for the week 4000 less FICA @ 7.65% 306 less federal tax 200 Less state tax 75 less unemployment taxes 290 net income 3129