Question
I don't understand how to calculate the employer's payroll taxes with the 7k limit. Employee 1 monthly gross salary is $6000 ($12,000 made so far
I don't understand how to calculate the employer's payroll taxes with the 7k limit.
Employee 1 monthly gross salary is $6000 ($12,000 made so far this year)
Employee 2 monthly gross salary is $5750 ($10,750 made so far this year)
Employee 3 monthly gross wages is $2460 (first paycheck/new employee)
Employee 3 monthly gross salary is $4730 ($6330.00 made so far this year).
Can you please show me the calculations?
Step by Step Solution
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Step: 1
heres how to calculate the employers payroll taxes for each employee considering the 7000 Social Security tax maximum for 2024 Social Security and Med...
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Step: 2
Step: 3
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
