Employees are paid 15 times the regular hourly rate for all, Financial Accounting

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Employees are paid 15 times the regular hourly rate for all

Employees are paid 1.5 times the regular hourly rate for all hours worked in excess of 40 hours per week. FICA taxes are 7.65% on the first $117,000 of gross earnings. Ramirez Company is subject to 5.4% state unemployment taxes and 0.8% federal unemployment taxes on the first $7,000 of gross earnings.

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Financial Accounting: Employees are paid 15 times the regular hourly rate for all

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Financial Accounting: Employees are paid 15 times the regular hourly rate for all

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