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The Germaine Corp has 18 employees who all make $9.59 per hour. They all worked 77 hours last payroll period. Calculate the Germaine's payroll tax
The Germaine Corp has 18 employees who all make $9.59 per hour. They all worked 77 hours last payroll period. Calculate the Germaine's payroll tax liability for its employees for the period. Assume the following tax rates: Social Security 6.20%, Medicare 1.45%, Federal income tax 10%.
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