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Freedom Inc. has 10 employees within Denver City and County. All of the employees worked a predominant number of hours within the city. The employees
Freedom Inc. has 10 employees within Denver City and County. All of the employees worked a predominant number of hours within the city. The employees earned $9.70 per hour and worked 160 hours each during the month. The employer must remit $4.00 per month per employee who earns more than $500 per month. Additionally, employees who earn more than $500 per month must have $5.75 withheld from their pay. Required: What is the employee and employer Occupational Privilege Tax for these employees? (Round your answers to 2 decimal places.) Occupational Privilege Tax Employee Employer
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