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i need homework help 6. A company has four employees who each work 40 hours per week and earn $38 per hour. Federal tax on
i need homework help
6. A company has four employees who each work 40 hours per week and earn $38 per hour. Federal tax on the total wages for all four employees is $742 and state tax is $340. Social Security tax withheld from employees is 6.2% and Medicare tax is 1.45% of gross pay. Federal unemployment tax is.8% and state unemployment tax is 5.4% of gross pay. What is the total amount of payroll tax expense that the employer must pay for one week's wages? (Round to the nearest cent.) Step by Step Solution
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