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According to a payroll register summary of Lily Company, the amount of employees' gross pay in December was $860,000, of which $82,000 was not
According to a payroll register summary of Lily Company, the amount of employees' gross pay in December was $860,000, of which $82,000 was not subject to Social Security taxes of 6.2% and $751,000 was not subject to state ad federal unemployment taxes. (a) Determine the employer's payroll tax expense for the month, using the following rates: FICA 7.65%, state unemployment 5.40%, and federal unemployment 0.60%. (Round answer to O decimal places, e.g. 125.) Payroll tax expense $ eTextbook and Media List of Accounts
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