Employee Employment Insurance premiums for a Corporation were $50,000.00 for 2022. The Corporation had a reduced rate of 1.259. How much did the Corporation save in Employer premiums?

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 16MC: An employee earns $8,000 in the first pay period. The FICA Social Security Tax rate is 6.2%, and the...
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Employee Employment Insurance premiums for a Corporation were $50,000.00 for 2022. The Corporation had a reduced rate of 1.259. How much did the Corporation save in Employer premiums? $0.00 $4,112.50 $20,000.00 $50,000.00 

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