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| Teaching Since: | May 2017 |
| Last Sign in: | 402 Weeks Ago |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
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.
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| 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 |
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