2) ABC Company pays John $12 an hour and he worked 30 hours in week one and 60 hours in week two. Prepare John's paycheck for this two-week beriod. How much does ABC need to send into the IRS for Federal payroll caxes? (Assume the federal Withholding Tax rate is 10% and State is 5%).
2) ABC Company pays John $12 an hour and he worked 30 hours in week one and 60 hours in week two. Prepare John's paycheck for this two-week beriod. How much does ABC need to send into the IRS for Federal payroll caxes? (Assume the federal Withholding Tax rate is 10% and State is 5%).
Chapter5: Unemployment Compensation Taxes
Section: Chapter Questions
Problem 2SSQ
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