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According to a summary of the payroll of Guthrie Co., $562,000 was subject to the 6.0% social security tax and $691,000 was subject to the
According to a summary of the payroll of Guthrie Co., $562,000 was subject to the 6.0% social security tax and $691,000 was subject to the 1.5% Medicare tax. Also, $19,000 was subject to state and federal unemployment taxes. a. Calculate the employer's payroll taxes, using the following rates: state unemployment, 4.2%; federal unemployment, 0.6%
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