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Question: Earthly Possessions Inc., a gardening supply company, employs one salesperson, Tommy Lewis. Tommy... Earthly Possessions Inc., a gardening supply company, employs one salesperson, Tommy
Question: Earthly Possessions Inc., a gardening supply company, employs one salesperson, Tommy Lewis. Tommy...
Earthly Possessions Inc., a gardening supply company, employs one salesperson, Tommy Lewis. Tommys straight-time wage is $30 per hour, with time-and-a-half pay for hours above 40. Earthly Possessions Inc. withholds income tax (15%), FICA-OASDI (6.2%), and FICA-Medicare (1.45%) from Tommys pay. Earthly Possessions Inc. also pays payroll taxes for FICA-OASDI (6.2%), FICA- Medicare (1.45%), state unemployment (5.4%), and federal unemployment (0.6%). During the week ending December 26, Tommy worked 50 hours. Prior to this week, he had earned $1,200.
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