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Mike's Door Service's Payroll Data for the Second Week of June

question 42

Essay

Mike's Door Service's payroll data for the second week of June included the following: Mike's Door Service's payroll data for the second week of June included the following:   Taxable earnings for state unemployment taxes: $2,000 Assume the following tax rates: FICA-OASDI 6.2% FICA-Medicare 1.45% State unemployment 1.5% Federal unemployment 0.06% Required: Prepare the payroll tax expense entry for Mike's for the second week of June. Taxable earnings for state unemployment taxes: $2,000
Assume the following tax rates:
FICA-OASDI 6.2%
FICA-Medicare 1.45%
State unemployment 1.5%
Federal unemployment 0.06%
Required: Prepare the payroll tax expense entry for Mike's for the second week of June.


Definitions:

Cervical

Relating to the neck or the cervix, which is the lower part of the uterus opening into the vagina.

Thoracic

Pertaining to the chest region in vertebrates, containing vital organs such as the heart and lungs.

Lumbar

Referring to the lower back region of the spine, encompassing the five vertebrae between the rib cage and the pelvis.

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