Question
Two Books Accounting Services has three employees who, in 2020, are paid weekly as follows: Philo Kvetch M. Bezzle Dicky Debit The company is responsible
Two Books Accounting Services has three employees who, in 2020, are paid weekly as follows: Philo Kvetch M. Bezzle Dicky Debit The company is responsible for the following payroll taxes: Social security Medicare Federal Unemployment State unemployment Family leave Gross pay 4,650.00 2,550.00 600.00 Rate Ceiling 6.20% $ 137,700 Gross pay 1.45% none 0.60% 4.00% 0.270% sss $ 7,000 Gross pay $ 11,600 Gross pay $ 196.72 Tax per year Assuming there are FOUR payrolls in January calculate: 57 The company's social security expense for the month of January 58 59 60 The company's medicare expense for the month of January The company's federal unemployment expense for the month of January The company's state unemployment expense for the month of January
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