According to a summary of the payroll of Sinclair Company,$505,000 was subject to the 6.0% social security tax and $545,000 was subject to the 1.5% Medicare tax.Also,$10,000 was subject to state and federal unemployment taxes. 
Definitions:
Cyclical Unemployment
Unemployment that results from business cycle fluctuations and the imbalances in supply and demand that arise in the economy over time.
Discouraged Workers
Individuals who are not actively looking for work because they believe no jobs are available for them or there are no jobs for which they would qualify.
Cyclical Unemployment
A type of unemployment that corresponds with the cyclical trends in growth and production that occur within the business cycle.
Labor Force
The total number of people available to work, including those currently employed and those actively seeking employment, within a particular economy.
Q24: A pension plan that requires the employer
Q24: Paul and Roger are partners who share
Q38: Receptors that bind with norepinephrine are referred
Q41: According to a summary of the payroll
Q47: Eagle Country Club has acquired a lot
Q48: Which of the following is required to
Q54: Sympathomimetic bronchodilators can be described as: I.Drugs
Q123: The accounting for defined benefit plans is
Q140: Convert each of the following estimates of
Q181: Townson Company had gross wages of $200,000