Question

Melissa Taylor has gross earnings of $425 and withholdings of $26.35 for Social Security tax, $6.16 for Medicare tax, and $35 for federal income tax. Her employer pays $26.35 for Social Security tax, $6.16 for Medicare tax, $3 for FUTA tax, and $9 for SUTA tax. The total cost of Melissa to her employer is a.$32.51. b.$437.00. c.$469.51. d.$425.00.

Answer 1

The answer is "
`\$469.51`"

Step-by-step explanation:

The gross earnings represent the entire money earned via an individual / household and business over an amount of time. Net revenue is the money produced before taxable income or modifications for individuals and families. Total income here is less cost of things sold. Net revenues are sometimes known as gross revenue or net income.

Using formula:

`\text{Gross Earnings + other payments done by employer on behalf of employee}`

`= 425 + 26.35 + 6.16 + 3 + 9 \\\\= \$469.51`