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For the week of September 18, 2020, Fuller Enterprises paid gross earnings of $346,000 to employees. Fuller pays the standard FICA taxes (6.2% Social Security
For the week of September 18, 2020, Fuller Enterprises paid gross earnings of $346,000 to employees. Fuller pays the standard FICA taxes (6.2% Social Security tax up to $117,000, plus 1.45% Medicare tax). What amount will they credit to FICA Taxes Payable for this pay period? Assume no single employee has been paid more than $117,000 in 2020. O $52,938 O $42,904 O $26,469 O $10,034
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