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The payroll of a company amounts to $ 200,000. Withholdings from employees add up to 10% of the total payroll. Employer obligations (FICA, Medicare, FUTA,
The payroll of a company amounts to $ 200,000. Withholdings from employees add up to 10% of the total payroll. Employer obligations (FICA, Medicare, FUTA, SUTA and the State Insurance Fund) add up to 15% of the total payroll. The payroll expense (in addition to $ 200,000) is equal to:
to. Cannot be determined from the information provided b. $ 50,000 c. $ 20,000 d. $ 30,000
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