. Joyce Meadow pays her three workers $160, $470, and $800, respectively, per week. Calculate what Joyce will pay at the end of the first qu

Question

. Joyce Meadow pays her three workers $160, $470, and $800, respectively, per week. Calculate what Joyce will pay at the end of the first quarter for (A) state unemployment and (B) federal unemployment. Assume a state rate of 5.6% and a federal rate of .6%. Base is $7,000. A. $950.64; $67.14 B. $655.64; $97.14 C. $755.64; $81.14 D. $850.64; $91.14

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Nevaeh 1 week 2021-09-09T13:33:45+00:00 1 Answer 0

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    2021-09-09T13:35:08+00:00

    Answer:

    Option D. $850.64; $91.14

    Step-by-step explanation:

    Joyce Meadow pays her three workers per week  $160, $470 and $800 respectively.

    A year has 52 weeks, Therefore quarter has \frac{52}{4} = 13 weeks.

    So for a quarter she pays = 160 × 13 = $2,080, 470 × 13 = $6,110, 800 × 13 = $10,400

    State rate is 5.6%

    Federal rate is 0.6%

    Base is $7,000

    It means the unemployment needs to be paid on the first $7000 only

    So the state unemployment = (0.056 × 2,080) + (0.056 × 6,110) + (0.056 × 7,000)

    = 116.48 + 342.16 + 392 = $850.64

    Federal unemployment = (0.006 × 2,080) + (0.006 × 6,110) + (0.006 × 7,000)

    = 12.48 + 36.66 + 42 = $91.14

    Option D. is the correct answer.

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