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Thomas Longbow is the only employee of Presido, Incorporated During the first week of January, Longbow earned $1,000.00 and had federal and state income
Thomas Longbow is the only employee of Presido, Incorporated During the first week of January, Longbow earned $1,000.00 and had federal and state income tax withholdings of $50.00 and $18.75, respectively. FICA taxes are 7.65% on earnings up to $132,900. State and federal unemployment taxes for the period are $62.50 and $10.00, respectively. What is Presido's payroll tax expense for the week? Multiple Choice $141.25 $149.00 $21775 $294.25 10
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