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The following data applies to the July 15 payroll for the Woodard Research Firm (overtime is paid at 1 1/2) Assume:
FICA-OASDI is 6.2% based on a limit of $128,400.
FICA-Medicare is 1.45%.
FUTA is .8% based on a limit of $7,000.
SUTA is 5.6% based on a limit of $7,000.
State income tax is 2.8%.
-Compute the total regular earnings.
Nature Of The Firm's Business
The fundamental operations, activities, and commercial pursuits that define a company's core purpose and market presence.
Partnership Property Rights
entail the legal interests and entitlements in property held by a partnership, distinct from the personal property of the individual partners.
Personal Debt
Debt incurred for personal, as opposed to business, needs, including credit card debt, mortgages, and personal loans.
Profits Distribution
The allocation of a company's earnings to its shareholders, often in the form of dividends.
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