Accounting 1010


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Accounting 1010 1 answer below » On January 8, the end of the first weekly pay period of the year, Regis Company’s payroll register showed that its employees earned $23,760 of office salaries and
$60,840 of sales salaries. Withholdings from the employees’ salaries include FICA Social Security taxes at the rate of 6.20%, FICAMedicare taxes at the rate of 1.45%, $12,960 of federal
income taxes, $1,420 ofmedical insurance
deductions, and $900 of union dues. No employee earned more than $7,000 in this first period. View complete question » 1. Calculate below the amounts for each of these four taxes of Regis Company. Regis% On January 8, the end of the first weekly pay period of the year, Regis Company’s payroll register showed that its employees earned $23,760 of office salaries and
$60,840 of sales salaries. Withholdings from the employees’ salaries include FICA Social Security taxes at the rate of 6.20%, FICAMedicare taxes at the rate of 1.45%, $12,960 of federal
income taxes, $1,420 ofmedical insurance
deductions, and $900 of union dues. No employee earned more than $7,000 in this first period. 1. Calculate below the amounts for each of these four taxes of Regis Company. Regis%u2019s merit rating reduces its state unemployment tax rate to
4% of the first $7,000 paid each employee. The federal unemployment tax rate is 0.8% Regis Companys FICA-Social Security FICA-Medicare FUTA SUTA View less » Dec 09 2013 02:39 PM

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