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Jordan Daniels, the only employee of Daniels Cookware, makes $51,600 per year and is paid once a month. For the month of January, his federal
Jordan Daniels, the only employee of Daniels Cookware, makes $51,600 per year and is paid once a month. For the month of January, his federal income taxes withheld are $301, state income taxes withheld are $43, social security is 6.2% on a maximum earnings threshold of $132,900, Medicare tax is 1.45%, State Unemployment Tax is 4.6%, and Federal Unemployment tax is 0.6%, both on a maximum earnings threshold of $7,000 per employee. What is the employer's payroll tax expense associated with Jordan's paycheck? Multiple Choice $328.95 $552.55 $266.60 $223.60
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