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Below is a payroll sheet for Nash Company for the month of July. The company is allowed a 1 % unemployment compensation rate by the
Below is a payroll sheet for Nash Company for the month of July. The company is allowed a unemployment compensation rate by the state; the federal unemployment tax rate is and the maximum for both is $ Assume a federal income tax rate for all employees and a FICA tax on employee and employer on a maximum of $ In addition, is charged both employer and employee for an employees wages in excess of $ per employee.
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