Business High School

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The percentage of a person's pay that is deducted for FICA-Social Security is _____.
Group of answer choices

6.2%

1%

3%

10%

Answers

Answer 1

Answer:

6.2%

Explanation:

According to the Employers Tax guide Employer's publication 15 of  2020, an employee social security deduction should be  6.2% of their gross pay.  It means the employee is deducted 6.2% of gross pay as social security tax. The employer is also expected to contribute 6.2% of the employee' gross pay.

Related Questions

One way products can be categorized is by brand.
O a) True
Ob) False

Answers

Answer:

A. True.

Explanation:

One of the direct implementation for this categorization can be seen if you go to your supermarket. Supermarkets tend to categorize their product in a way that resulted in the most sales.

In order to achieve this, they tend to lined up the most popular brands on a place that's close to costumers' eye level on the shelf. The less popular brand will be place on top or lower part of the shelf that's a little bit harder to see.

Should Shaun use gross pay or net pay when creating his budget? Explain your
reasoning.

Answers

Answer:

jjheeeneemme

Explanation:beenem

Allison corporation acquired 90 percent of bretton on January 1, 2016. Of Brettons total acquisition date fair value, $60000 was allocated to undervalued equipment

Answers

Answer:

Hello your question is incomplete attached below is the complete question

answer : consolidated Total sales = $1008000

Explanation:

Determine the consolidated totals for sales

to get the consolidated totals for sales we have to add up the two book values then subtract $92000 ( which is the entity transfers )

Consolidated Total sales = ($70000 + $400000 ) - $92000

                                          = $1100000 - $92000 = $1008000

Bought a machine for Rs.100000 from ABC trading concern in account​

Answers

Answer:

whats the question. Please let me know

Explanation:

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