October Company employs five salaried employees. Your task is Assume the following: 1. FICA OASDI is 6.2%

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October Company employs five salaried employees. Your task is

Assume the following:
1. FICA OASDI is 6.2% on $106,800; FICA Medicare is 1.45% on all earnings.
2. Each employee contributes $20 biweekly for medical insurance.
3. State income tax is 5% of gross pay.
4. FIT is calculated from Figure7.2.

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College Accounting A Practical Approach

ISBN: 978-0133133233

12th edition

Authors: Jeffrey Slater

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Question Posted: Apr 24, 2014 09:50 AM

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October Company employs five salaried employees. Your task is Assume the following: 1. FICA OASDI is 6.2%

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OCTOBER COMPANY D Bristow M Herman A Sears A Flaherty L Ackerman Gross earnings for the current ...View the full answer

College Accounting A Practical Approach

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