Mary Gonzalez had total cumulative gross earnings of $5,800 as of 1/31/20X1. Her gross earnings for the pay period ending 2/15/20X1 were $3,000. If federal unemployment taxes are 0.6% on a maximum earnings of $7,000 per year, how much federal unemployment tax will be paid by Mary and how much will be paid by her employer for her earnings of 2/15/20X1? Multiple Choice Mary will pay $0 and her employer will pay $10.80. Mary will pay $0 and her employer will pay $7.20. Mary will pay $7.20 and her employer will also pay $7.20. Mary will pay $0 and her employer will pay $0.
Mary Gonzalez had total cumulative gross earnings of $5,800 as of 1/31/20X1. Her gross earnings for the pay period ending 2/15/20X1 were $3,000. If federal unemployment taxes are 0.6% on a maximum earnings of $7,000 per year, how much federal unemployment tax will be paid by Mary and how much will be paid by her employer for her earnings of 2/15/20X1? Multiple Choice Mary will pay $0 and her employer will pay $10.80. Mary will pay $0 and her employer will pay $7.20. Mary will pay $7.20 and her employer will also pay $7.20. Mary will pay $0 and her employer will pay $0.
Chapter1: Federal Income Taxation—an Overview
Section: Chapter Questions
Problem 73TA
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Question
Mary Gonzalez had total cumulative gross earnings of $5,800 as of 1/31/20X1. Her gross earnings for the pay period ending 2/15/20X1 were $3,000. If federal
Multiple Choice
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Mary will pay $0 and her employer will pay $10.80.
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Mary will pay $0 and her employer will pay $7.20.
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Mary will pay $7.20 and her employer will also pay $7.20.
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Mary will pay $0 and her employer will pay $0.
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