Employee Earnings Records for Oz Company Reveal the Following Gross $$\begin{array}{ll}\text {T. Tucker }&\$95,500&\text { D. Pavia}&\$125.000\\\text {B. Bintey}&\$124,200&\text { N. Doane}&\$138,000\end{array}$$

question 69

True/False

Employee earnings records for Oz Company reveal the following gross earnings for four employees through the pay period of December 15. $$\begin{array}{ll}\text {T. Tucker }&\$95,500&\text { D. Pavia}&\$125.000\\\text {B. Bintey}&\$124,200&\text { N. Doane}&\$138,000\end{array}$$ For the pay period ending December 31, each employee's gross earnings is $4,800. The FICA tax rate is 7.65% on gross earnings of $128,400.
Instructions
Compute the employer's

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Definitions:

National Credit Card

A credit card that is widely accepted across a given nation, often issued by major banks or credit card companies.

Retailers

Businesses that sell goods or services directly to consumers.

Cash Sale

A transaction in which goods or services are exchanged for immediate payment in cash or its equivalent.

Sale of Receivables

Sale of Receivables involves a company selling its outstanding invoices to a third party to receive immediate payment, typically at a discount.