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Description To complete this assignment you will need paper, pencil, a calculator, and completed the Quiz 1 assignment calculations. Round your answers to the nearest
Description To complete this assignment you will need paper, pencil, a calculator, and completed the Quiz 1 assignment calculations. Round your answers to the nearest hundredth, using 2 decimals and cents. For example, enter $100 would be entered as 100.00 . Do not use the $ sign. Below is a partial payroll register for Harrowing Consulting Firm for the week ending in June 30. Assumed tax rates are as follows: FICA represents the Social Security \& Medicare amounts combined. - The Social Security tax rate is 6.2 percent. Taxable earnings for Social Security are based on the first $142,800 - The Medicare tax rate is 1.45 percent. Taxable earnings for Medicare are based on all earnings. SUTA - State unemployment tax, 5.4 percent (0.054) on the first $7,000 for each employee. FUTA - Federal unemployment tax, 0.6 percent (0.006) on the first $7,000 for each employee
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