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    College Accounting Study Set 1
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    Exam 7: Calculating Pay and Payroll Taxes: the Beginning of the Payroll Process
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    Karen's Cumulative Earnings Before This Pay Period Were $5,340,and Gross
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Karen's Cumulative Earnings Before This Pay Period Were $5,340,and Gross

Question 21

Question 21

Multiple Choice

Karen's cumulative earnings before this pay period were $5,340,and gross pay for the week is $600.Assuming the wage base limit is $7,000,how much of this week's pay is subject to taxes for SUTA and FUTA?


A) $600
B) $0
C) $1,550
D) $550

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