Question
Thomas Longbow is the only employee of Presido, Incorporated During the first week of January, Longbow earned $2,600.00 and had federal and state income tax
Thomas Longbow is the only employee of Presido, Incorporated During the first week of January, Longbow earned $2,600.00 and had federal and state income tax withholdings of $130.00 and $48.75, respectively. FICA taxes are 7.65% on earnings up to $132,900. State and federal unemployment taxes for the period are $162.50 and $26.00, respectively. What is Presido's payroll tax expense for the week?
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Accounting Ethics Education Making Ethics Real
Authors: Alberto J. Costa, Margarida M. Pinheiro
1st Edition
1032019999, 9781032019994
