According to a summary of the payroll of Scotland Company, total payroll was $500,000 and...
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According to a summary of the payroll of Scotland Company, total payroll was $500,000 and all subject to the 1.5% Medicare tax. $450,000 was subject to the 6.0% social security tax. Federal income tax withheld was $98,000. Also, $15,000 was subject to state (4.2%) and federal (0.8%) unemployment taxes.
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