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Perez Company has the following information for the pay period of January 15-31. Gross payroll Social security rate Medicare rate Federal income tax withheld Federal
Perez Company has the following information for the pay period of January 15-31.\ Gross payroll\ Social security rate\ Medicare rate\ Federal income tax withheld\ Federal unemployment tax rate\ State unemployment tax rate.\
$20,000
\
6.0%
\
1.5%
\
$2,500
\
0.8%
\
5.4%
\ Assuming no employees are subject to ceilings for their earnings, compute salaries payable and employer's payroll tax expen\ Salaries Payable\
$
\ Employer's Payroll Tax Expense\
$
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