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According to a summary of the payroll of Mountain Streaming Co., $120,000 was subject to the 6.0% social security tax and the 1.5% Medicare tax.
According to a summary of the payroll of Mountain Streaming Co., $120,000 was subject to the 6.0% social security tax and the 1.5% Medicare tax. Also, $30,000 was subject to state and federal unemployment taxes. Question Content Area a. Determine the employers payroll taxes, using the following rates: state unemployment, 5.4%; federal unemployment, 0.8%.
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