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7. Carol owns a small curio shop that is incorporated as an S corporation. Her three children, Sara, age 16, Mark, age 19, and Corey,
7. Carol owns a small curio shop that is incorporated as an S corporation. Her three children, Sara, age 16, Mark, age 19, and Corey, age 22, all help in the shop. Which of the childrens wages are subject to FICA taxes? 1. None of the wages are subject to FICA taxes. 2. Coreys wages only. 3. Mark and Coreys wages only. 4. All their wages are subject to FICA taxes
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh
4th Canadian edition
978-1259269868, 978-1259103292
