Amount of the employees withholding taxes, Accounting Basics

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Amount of the employees withholding taxes

The Royale Corporation payroll for the first week in January was $15,000. The amount of income tax withheld was 20 percent and the FICA, state unemployment, and federal unemployment tax rates were 8 percent, 5 percent, and 1 percent, respectively. The amount of the employees' withholding taxes are ??

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Accounting Basics: Amount of the employees withholding taxes

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Accounting Basics: Amount of the employees withholding taxes

Reference No:- TGS046014

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Determining what cost of goods sold

Q : Barneys retained earnings

Q : Types and methods of property and service

Q : Prepare the required entries of petty cash fund

Q : Amount of the employees withholding taxes

Q : Determining the recognized gain on the sale

Q : Convertible three shares of common stock

Q : Straight-line and reducing-balance

Q : Calculate the investing cash flows

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Amount of the employees withholding taxes

Reference No:- TGS046014

Recent Questions Asked Accounting Basics

Q : Determining what cost of goods sold

Q : Barneys retained earnings

Q : Types and methods of property and service

Q : Prepare the required entries of petty cash fund

Q : Amount of the employees withholding taxes

Q : Determining the recognized gain on the sale

Q : Convertible three shares of common stock

Q : Straight-line and reducing-balance

Q : Calculate the investing cash flows

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