Yang, Inc., has a semimonthly payroll of $53,900 on September 15, 20--. The total payroll is taxable under FICA Taxes-HI; $50,400 is taxable under FICA Taxes-OASDI; and $7,300 is taxable under FUTA and SUTA. The state contribution rate for the company is 3.1%. The amount withheld for federal income taxes is $6,995. The amount withheld for state inc solutionspile.com

Question

Yang, Inc., has a semimonthly payroll of $53,900 on September 15, 20--. The total payroll is taxable under FICA Taxes-HI; $50,400 is taxable under FICA Taxes-OASDI; and $7,300 is taxable under FUTA and SUTA. The state contribution rate for the company is 3.1%. The amount withheld for federal income taxes is $6,995. The amount withheld for state income taxes is $1,010.  solutionspile.com

Accepted Answer

Expert Answer to - Yang, Inc., has a semimonthly payroll of $53,900 on September 15, 20--. The total payroll is taxable

Answer

Solution for - Yang, Inc., has a semimonthly payroll of $53,900 on September 15, 20--. The total payroll is taxable

Answer

This an additional answer to - Yang, Inc., has a semimonthly payroll of $53,900 on September 15, 20--. The total payroll is taxable

(Solved): Yang, Inc., has a semimonthly payroll of $53,900 on September 15, 20--. The total payroll is taxable ...

View Expert Answer

Expert Answer

Buy This Answer $5

Place Order

We Provide Services Across The Globe