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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 67
AMOUNT OWED THE IRS Calculate the total amount owed to the Internal Revenue Service from of this firms. (See Example.)
EXAMPLE
Finding the Employer ' s Amount Due the IRS
During a certain quarter one movie theater collected $2765.42 from its employees for FICA tax, $646.75 for Medicare tax, and $3572.86 in federal withholding tax. Compute the total amount due to the government.
SOLUTION
The movie theater must send $10,397.20 to the Internal Revenue Service.
EXAMPLE Finding the Employer ' s Amount Due the IRS
During a certain quarter one movie theater collected $2765.42 from its employees for FICA tax, $646.75 for Medicare tax, and $3572.86 in federal withholding tax. Compute the total amount due to the government.
SOLUTION
The movie theater must send $10,397.20 to the Internal Revenue Service.
Explanation
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In order to calculate the amount of mone...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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