Question
Payroll Tax Entries According to a summary of the payroll of Guthrie Co., $635,000 was subject to the 6.0% social security tax and $781,000 was
Payroll Tax Entries
According to a summary of the payroll of Guthrie Co., $635,000 was subject to the 6.0% social security tax and $781,000 was subject to the 1.5% Medicare tax. Also, $21,000 was subject to state and federal unemployment taxes.
Question Content Area
a. Calculate the employer's payroll taxes, using the following rates: state unemployment, 4.2%; federal unemployment, 0.6%. $
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Cost And Management Accounting
Authors: Colin Drury
9th Edition
1473749050, 978-1473749054
