=+EX 11-12 Payroll entries obj. 3 Thorup Company had gross wages of $200,000 during the week ended
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=+EX 11-12 Payroll entries obj. 3 Thorup Company had gross wages of $200,000 during the week ended December 10.
The amount of wages subject to social security tax was $180,000, while the amount of wages subject to federal and state unemployment taxes was $25,000. Tax rates are as follows:
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