An employee has gross earnings of $1000 and withholdings of $60 FICA (OASDI and Medicare),and $50 for income taxes (FIT and SIT).The employer pays $60 FICA (OASDI and Medicare),$10 for SUTA,and $5.60 FUTA.What is the employer's total cost of the employee?
A)$915.60
B)$1,075.60
C)$975.60
D)$1,035.60

Question

Quizplus · Accepted Answer

The employer's total cost includes the gross earnings of $1000 plus the employer's share of FICA ($60), SUTA ($10), and FUTA ($5.60), totaling $1,075.60.

An Employee Has Gross Earnings of $1000 and Withholdings of $60