When employees of County Bank are summoned toserve on jury duty, the firm pays its workers the difference between their regular wages and the amountreceived for jury duty. One such employee has beenreceiving $365 per week. She just completed a fiveday week of jury duty, for which she was paid $65($9 per day plus 20 cents per mile from her house tothe courthouse, a 20-mile round trip). How much ofthe employee’s earnings are subject to FICA tax?
When employees of County Bank are summoned toserve on jury duty, the firm pays its workers the difference between their regular wages and the amountreceived for jury duty. One such employee has beenreceiving $365 per week. She just completed a fiveday week of jury duty, for which she was paid $65($9 per day plus 20 cents per mile from her house tothe courthouse, a 20-mile round trip). How much ofthe employee’s earnings are subject to FICA tax?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
When employees of County Bank are summoned to
serve on jury duty, the firm pays its workers the difference between their regular wages and the amount
received for jury duty. One such employee has been
receiving $365 per week. She just completed a fiveday week of jury duty, for which she was paid $65
($9 per day plus 20 cents per mile from her house to
the courthouse, a 20-mile round trip). How much of
the employee’s earnings are subject to FICA tax?
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