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please help me solve this. More info For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI:
please help me solve this.
More info For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI: 6.2% on first $132,900 earned; Medicare: 1.45% up to $200,000,2.35% on earnings above $200,000. Employer: OASDI: 6.2% on first $132,900 earned per employee; Medicare: 1.45\%; FUTA: 0.6% on first $7,000 eamed per employoe; SUTA: 5.4\% on first $7,000 earned per employee. Requirements 1. Journalize Diego's expenses for employee benefits and for payroll taxes. Explanations are not required. 2. What was Diego's total expense for 2024 related to payroll? More info For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI: 6.2% on first $132,900 earned; Medicare: 1.45% up to $200,000,2.35% on earnings above $200,000. Employer: OASDI: 6.2% on first $132,900 earned per employee; Medicare: 1.45\%; FUTA: 0.6% on first $7,000 eamed per employoe; SUTA: 5.4\% on first $7,000 earned per employee. Requirements 1. Journalize Diego's expenses for employee benefits and for payroll taxes. Explanations are not required. 2. What was Diego's total expense for 2024 related to payroll Step by Step Solution
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