Mandy Feng employs Jay Johnson at a salary of $35,000 a year. Feng is subject to employer Social Security taxes at a rate of 6.2% and Medicare taxes at a rate of 1.45% on Johnson’s salary. In addition, Feng must pay SUTA tax at a rate of 5.4% and FUTA tax at a rate of 0.6% on the first $7,000 of Johnson’s salary.

Compute the total cost to Feng of employing Johnson for the year.

$38,097.50

Explanation:

Mandy Feng has to pay Johnson $35,000 for the year as well as various taxes. Adding all of these up is the total cost of hiring Johnson to Mandy Feng.

Calculating therefore we have,

= Salary + Social Security Taxes + Medicare Taxes + SUTA Tax + FUTA Tax

Remember, it is stated that FUTA and SUTA are applicable to only the first $7,000 of Johnson's pay.

= 35,000 + (6.2% * 35,000) + (1.45% * 35,000) + ( 5.4% * 7,000) + ( 0.6% * 7,000)

= 35,000 + 2,170 + 507.50 + 378 + $42

= $38,097.50

The total cost to Feng of employing Johnson for the year is $38,097.50

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explanation: doctrine of respondeat superior is a legal doctrine that is commonly used in tort. this principle makes an employer or principal legally responsible for the wrongful acts done by an employee or agent, if such acts occur within the scope of the employment or agency.