In December 2011,Homer Simpson worked for Springfield Power and earned $5,000.Federal income tax withholding is 15%.The FICA rate is 6.2% and the Medicare tax is 1.45%.How much payroll tax expense will Springfield Power record when it pays these taxes?
A)$750
B)$382.50
C)$1,132.50
D)$765

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The Answer of In December 2011,Homer Simpson worked for Springfield Power and earned $5,000.Federal income tax withholding is 15%.The FICA rate is 6.2% and the Medicare tax is 1.45%.How much payroll tax expense will Springfield Power record when it pays these taxes?
A)$750
B)$382.50
C)$1,132.50
D)$765

In December 2011,Homer Simpson Worked for Springfield Power and Earned