TIL CURRENT LIABILITIES, PROLI, WARRANTIES, AND DISCOUNTED NOTES Payroll: Employer's payroll tax computation Cook Company...
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TIL CURRENT LIABILITIES, PROLI, WARRANTIES, AND DISCOUNTED NOTES Payroll: Employer's payroll tax computation Cook Company has three employees. Its payroll information is given below. Employee Earrings Prior to October October Faming Kim Wood Scott Brooks Sam Patterson $3,150 6.340 79,600 $1,260 1.450 7.300 Assume that the following tax rates we currently in effect Tax Cand HICA CAS 6.29 Med 1.455 0694 $128.400 Nowing 77.000 7.000 FUIA STA More Practice Type here to search O 1 5 6 7 20 T Y D F G H Scou Brooks 6,340 1,450 Sam Patterson 79,600 7,300 Assume that the following tax rates are currently in effect. Rate Ceiling FICA DASDI $128.400 6.2% 1.45% Medicare No ceiling FUTA 0.6% 7.000 7,000 SUTA 5.4% (The table shows the effective FUTA rate after state credit.) Required: Compute Cook Company's dayroll taxextense for October Note: Round your answer to the nearest cent. More Practice Type here to search o SE > 2 3. 4. 5 6
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