Roy DeSoto earns a regular hourly salary of $24.50.He is paid time-and-a-half for all hours in excess of 40 in the week.For the week ended March 8,2016,he worked a total of 50 hours.His gross wages year to date prior to his March 8 paycheck are $11,980.Social Security Tax is 6.2%,Medicare Tax is 1.45%,federal unemployment tax is .6% and state unemployment tax is 4.2%,both on a maximum of $7,000 of gross wages per year.What is the employer's payroll tax expense for Roy for the week ended March 8,2016?
A) $154.96
B) $123.97
C) $170.47
D) $103.08
Correct Answer:
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