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Townson Company Had Gross Wages of $180,000 During the Week

Question 161

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Townson Company had gross wages of $180,000 during the week ended December 10.All earnings are subject to social security tax,while the amount of wages subject to federal and state unemployment taxes was $24,000.Tax rates are as follows:
The total amount withheld from employee wages for federal income taxes was $32,000.
Townson Company had gross wages of $180,000 during the week ended December 10.All earnings are subject to social security tax,while the amount of wages subject to federal and state unemployment taxes was $24,000.Tax rates are as follows: The total amount withheld from employee wages for federal income taxes was $32,000. Townson Company had gross wages of $180,000 during the week ended December 10.All earnings are subject to social security tax,while the amount of wages subject to federal and state unemployment taxes was $24,000.Tax rates are as follows: The total amount withheld from employee wages for federal income taxes was $32,000.

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