According to a summary of thepayrollof Mountain Streaming Co., $120,000 was subject to the 6.0%...
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Accounting
According to a summary of thepayrollof Mountain Streaming Co., $120,000 was subject to the 6.0% social security tax and the 1.5% Medicare tax. Also, $45,000 was subject to state and federal unemployment taxes.
a. Calculate the employer's payroll taxes, using the following rates: state unemployment, 5.4%; federal unemployment, 0.8%. $
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