Question
Rachel Green's gross earnings for November were $7,000. Her employer, Morris Company, withheld $1,050 for employee federal income taxes, $420 for Social Security tax, and
Rachel Green's gross earnings for November were $7,000. Her employer, Morris Company, withheld $1,050 for employee federal income taxes, $420 for Social Security tax, and $105 for Medicare taxes from Rachel's pay. Morris Company's payroll tax expense for Rachel Green includes $420 for Social Security tax, $105 for Medicare tax, $56 for federal unemployment tax, and $378 for state unemployment tax. Morris Company also provided employee fringe benefits that included $380 for medical insurance and $280 for a pension program for Rachel. What is the total cost that Morris Company incurred for Rachel Green during November? |
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