1) how much social security tax would the employer be liable to pay to the federal government if he paid his sole employee $100,000 in wages during the current year? use whatever necessary outside sources you may need to verify the amount. 2) what if he paid his employee $1,000,000 during the year (you may assume that the employee is single)? 3) in each of the situations above what would the employer have to withhold from the employee's paycheck in social security taxes? 4) answer questions 1-3 for medicare taxes. 5) true or false: employer's pay for unemployment taxes by taking the tax out of the employee's paycheck.

The cutting department of cassel company has the following production and cost data for july. production costs 1. transferred out 12,300 units. beginning work in process $0 2. started 3,900 units that are 60% materials 62,856 complete as to conversion labor 12,622 costs and 100% complete as manufacturing overhead 23,100 to materials at july 31. materials are entered at the beginning of the process. conversion costs are incurred uniformly during the process. determine the equivalent units of production for (1) materials and (2) conversion costs. materials conversion costs total equivalent units of production link to text link to text compute unit costs. (round unit costs to 2 decimal places, e.g. 2.25.) materials $ conversion costs $ link to text link to text prepare a cost reconciliation schedule. (round unit costs to 2 decimal places, e.g. 2.25 and final answers to 0 decimal places, e.g. 1,225.) cost reconciliation costs accounted for transferred out $ work in process, july 31 materials $ conversion costs total costs $