A company pays its one employee ($3,000) per month. This companys Social east tax rate is 6.2%

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A company pays its one employee \($3,000\) per month. This company’s Social east tax rate is 6.2% of the first \($94,200\) ;and its Medicare tax rate is 1.45% of all amounts earned. The company’s March payroll will include what amount for employee Social Security and Medicare taxes?

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College Accounting Ch 1-14

ISBN: 9781260904314

1st Edition

Authors: John Wild, Vernon Richardson, Ken Shaw

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