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Aspen Ski Resorts has 1 5 0 employees, each working 4 0 hours per week and earning $ 1 7 an hour. Although the company
Aspen Ski Resorts has employees, each working hours per week and earning $ an hour. Although the company does not pay any health or retirement benefits, one of the perks of working at Aspen is that employees are allowed free skiing on their days off. Federal income taxes are withheld at and state income taxes at FICA taxes are of the first $ earned per employee and thereafter. Unemployment taxes are of the first $ earned per employee.
Required:
Compute the total salary expense, the total withholdings from employee salaries, and the actual direct deposit of payroll for the first week of January.
Compute the total payroll tax expense Aspen Ski Resorts will pay for the first week of January in addition to the total salary expense and employee withholdings calculated in Part
How should Aspen Ski Resorts account for the free skiing given to employees on their days off?
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Compute the total salary expense, the total withholdings from employee salaries, and the actual direct deposit of payroll for the first week of January.
tableTotal salary expense,$Total withholdings,,$
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