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In December 2011, Homer Simpson worked for Springfield Power and earned $5,000. Federal income tax withholding is 15%. The FICA rate is 6.2% and the

In December 2011, Homer Simpson worked for Springfield Power and earned $5,000. Federal income tax withholding is 15%. The FICA rate is 6.2% and the Medicare tax is 1.45%. How much payroll tax expense will Springfield Power record when it pays these taxes?

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