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Business, 02.10.2019 01:10 23gordns

The total payroll of trolley company for the month of october, 2014 was $800,000, of which $150,000 represented amounts paid in excess of $106,800 to certain employees. $500,000 represented amounts paid to employees in excess of the $7,000 maximum subject to unemployment taxes. $150,000 of federal income taxes and $15,000 of union dues were withheld. the state unemployment tax is 1%, the federal unemployment tax is .8%, and the current f. i.c. a. tax is 7.65% on an employee’s wages to $106,800 and 1.45% in excess of $106,800. the net amount of salary paid for the period is?

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The total payroll of trolley company for the month of october, 2014 was $800,000, of which $150,000...
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