Question
GarMark Inc. employees have gross earnings of $8,288 for the pay period ending January 25. $1,243.20 was withheld for federal income tax payable; $280 was
GarMark Inc. employees have gross earnings of $8,288 for the pay period ending January 25. $1,243.20 was withheld for federal income tax payable; $280 was withheld for the friend of the court: the social security tax rate is 6.2%; the Medicare tax rate is 1.45%; the Federal Unemployment tax rate is 0.6%; and the State Unemployment tax rate is 5.4%. What is amount of employer payroll tax expense that must be recorded for this pay period? ROUNDING MAY CAUSE YOUR ANSWER TO DIFFER BY A FEW CENTS SO CHOOSE THE ANSWER CLOSEST TO YOUR CALCULATION. $634.04 $2,374.52 $1,578.87 $1,131.32 $2,654.52 $497.28 Question 28 110 cash
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