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From the following information, calculate the payroll tax expense for Aim Company for the payroll of April 9: View the payroll. The FICA Social Security
From the following information, calculate the payroll tax expense for Aim Company for the payroll of April 9: View the payroll. The FICA Social Security tax rate is 6.2% on the first $142,800 earned, and FICA Medicare is 1.45% on all earnings. Federal unemployment tax is 0.6% on the first $7,000 earned by each employee. The SUTA tax rate for Aim Company is 5.7% on the first $7,000 of employee earnings for state unemployment purposes the nearest cent as needed.) Total Payroll Employee A. Jackson G. Jill V. North $ Cumulative Earnings Before Weekly Payroll Print Gross Pay for the Week 3,300 $ 6,200 7,500 Done - - X 600 650 290 KITS
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