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From the following information, calculate the payroll tax expense for Carter Company for the payroll of April 9 The FICA tax rate for OASDI is
From the following information, calculate the payroll tax expense for
Carter Company for the payroll of April 9
The FICA tax rate for OASDI is 6.2% on the first $117,000 earned, and 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 Carter Company is 5.1% on the first $7,000 of employee earnings for state unemployment purposes. (Round to the nearest cent as needed.)
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