Jason's gross pay for the week is $1900.His year-to-date pay is under the limit for OASDI.Assume that the rate for state and federal unemployment compensation taxes is 6% and that Jason's year-to-date pay has not yet exceeded the $7000 cap.What is the total amount of payroll taxes that his employer must record as payroll tax expenses? (Do not round your intermediate calculations.Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%.)

Question

Quizplus · Accepted Answer

First, we need to calculate the FICA-OASDI tax and the FICA-Medicare tax:
- FICA-OASDI tax: $1900 x 6.2% = $117.80
- FICA-Medicare tax: $1900 x 1.45% = $27.55

Then, we need to calculate the state and federal unemployment compensation taxes:
- State and federal unemployment compensation taxes: $1900 x 6% = $114

Finally, we can add up all the payroll taxes:
- Payroll tax expenses: $117.80 + $27.55 + $114 = $259.35

Therefore, the answer is C, $259.35.

Jason's Gross Pay for the Week Is $1900