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According to a Summary of the Payroll of Scotland Company,salaries

Question 175

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According to a summary of the payroll of Scotland Company,salaries for the period were $500,000.Federal income tax withheld was $98,000.Also,$15,000 was subject to state (4.2%)and federal (0.8%)unemployment taxes.All earnings are subject to social security tax of 6.0% and Medicare tax of 1.5%.
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According to a summary of the payroll of Scotland Company,salaries for the period were $500,000.Federal income tax withheld was $98,000.Also,$15,000 was subject to state (4.2%)and federal (0.8%)unemployment taxes.All earnings are subject to social security tax of 6.0% and Medicare tax of 1.5%. ​

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