Punta Gorda gross payroll is $52,800. Employer FICA/Medicare is 7.65%, workers' compensation is 5.10%, and SUTA is 1.50%. Ignore wage-base limits. What payroll burden is accrued?
Correct Answer
C) $7,524.00
Payroll burden is the combined employer rate multiplied by gross payroll.
Why This Is the Correct Answer
Payroll burden is the combined employer rate multiplied by gross payroll.
Why the Other Options Are Wrong
Option A: $6,732.00
$6,732.00 is below the supported result for payroll burden; it likely skips a premium-pay or employer-cost component.
Option B: $4,831.20
$4,831.20 is below the supported result for payroll burden; it likely skips a premium-pay or employer-cost component.
Option D: $8,052.00
$8,052.00 is above the supported result for payroll burden; it likely pays the wrong premium tier or counts the same hours twice.
Memory Technique
Payroll Burden ladder for Clerk Loads: hours climb before dollars add up.
Reference Hint
Open-book path: tab Builder's Guide to Accounting, 2001 to Section Two, Payroll Accounting, Accounting for Tax Liabilities; use the job ledger figures in the stem and recompute the same accounting measure.
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