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    Business
  3. Study Set
    Financial Managerial Accounting
  4. Exam
    Exam 10: Liabilities: Current,installment Notes,and Contingencies
  5. Question
    According to a Summary of the Payroll of Sinclair Company,$545,000
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According to a Summary of the Payroll of Sinclair Company,$545,000

Question 62

Question 62

Essay

According to a summary of the payroll of Sinclair Company,$545,000 was subject to the 6.0% social security tax and the 1.5% Medicare tax.Also,$10,000 was subject to state and federal unemployment taxes.
According to a summary of the payroll of Sinclair Company,$545,000 was subject to the 6.0% social security tax and the 1.5% Medicare tax.Also,$10,000 was subject to state and federal unemployment taxes.

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