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Thomas Longbow is the only employee of Presido, Inc. During the first week of January, Longbow earned $1,600. The company is required to pay the
Thomas Longbow is the only employee of Presido, Inc. During the first week of January, Longbow earned $1,600. The company is required to pay the matching FICA taxes of 7.65% on earnings ($122.40), and state and federal unemployment taxes for the period of $100 and $16, respectively. What is Presido's payroll tax expense for the week
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