Question
West Industries has a gross payroll of $18,000. Employees' share of FICA taxes is $1,377 (i.e., 7.65% of gross payroll). Employees' federal and state withholding
West Industries has a gross payroll of $18,000. Employees' share of FICA taxes is $1,377 (i.e., 7.65% of gross payroll). Employees' federal and state withholding are $1,600 and $950, respectively. West Industries' share of FICA taxes is also $1,377. In addition, West Industries incurs federal unemployment taxes of $110 and state unemployment taxes of $925. Compute West Industries' net payroll.
West Industries has a gross payroll of $18,000. Employees' share of FICA taxes is $1,377 (i.e., 7.65% of gross payroll). Employees' federal and state withholding are $1,600 and $950, respectively. West Industries' share of FICA taxes is also $1,377. In addition, West Industries incurs federal unemployment taxes of $110 and state unemployment taxes of $925. Compute West Industries' net payrollStep by Step Solution
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Investments Analysis And Management
Authors: Charles P. Jones, Gerald R. Jensen
14th Edition
1119578078, 978-1119578079
