A company pays its an employee ($3,0) 00 per month.The company's FUTA rate is 0.8% on the
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A company pays its an employee \($3,0\) 00 per month.The company's FUTA rate is 0.8% on the first \($7,000\) earned; its SUTA rate is 4.0% on the first \($7,000;\) its: Social Security tax rate is 6.2% of the first \($94,200;\) and its Medicare tax rate is 1.45% of all amount earned.What is the employer's total payroll tax expense for March?
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Related Book For
College Accounting Ch 1-14
ISBN: 9781260904314
1st Edition
Authors: John Wild, Vernon Richardson, Ken Shaw
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