Madison’s nail salon had a revenue totaling $151,500 in 2019. That amount includes materials plus sales tax rate is 4.5% , what amount of money must Madison’s firm submit to the state for 2019’s sales.

Madison’s nail salon had a revenue totaling $151,500 in 2019. That amount includes materials plus sales tax rate is 4.5% , what amount of money must Madison’s firm submit to the state for 2019’s sales.

PAYROLL ACCT.,2019 ED.(LL)-TEXT

19th Edition

ISBN:9781337619783

Author:BIEG

Publisher:BIEG

Chapter3: Social Security Taxes

Section: Chapter Questions

Problem 2PB: During 2019, Matti Conner, president of Maggert Company, was paid a semimonthly salary of 6,000....

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Fringe Benefit Tax

Fringe benefits are in addition to the compensation that companies give to their employees. It is an additional benefit above the stated salary. It helps to keep the employees of the firm motivated as sometimes the only salary is not enough to retain the quality employees of the firm. There are different types of fringe benefits. Fringe benefits are given in both private as well as public enterprises.

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