Question
Exercise 10-5 During the month of March, Olinger Companys employees earned wages of $73,800. Withholdings related to these wages were $5,646 for Social Security (FICA),
During the month of March, Olinger Companys employees earned wages of $73,800. Withholdings related to these wages were $5,646 for Social Security (FICA), $8,648 for federal income tax, $3,575 for state income tax, and $461 for union dues. The company incurred no cost related to these earnings for federal unemployment tax but incurred $807 for state unemployment tax.
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MIS Management Information Systems
Authors: Hossein Bidgoli
8th edition
978-1337406932, 1337406937, 978-1337406925, 1337406929, 978-0357004357
