Question
The Royale Corporation payroll for the first week in January was $15,000. The amount of income tax withheld was 20 percent and the FICA, state
The Royale Corporation payroll for the first week in January was $15,000. The amount of income tax withheld was 20 percent and the FICA, state unemployment, and federal unemployment tax rates were 8 percent, 5 percent, and 1 percent, respectively. The amount of the employees' withholding taxes are:
| a. | $4,950. |
| b. | $4,200. |
| c. | $3,000. |
| d. | $5,100. |
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Auditing And Assurance Services
Authors: David Ricchiute
7th Edition
0324117760, 978-0324117769
