Multiple Choice
In December 2011,B.Rich worked for Payless,Inc.and earned $10,000.Federal income tax withholding is 20%.The FICA rate is 6.2% and the Medicare tax is 1.45%.How much payroll tax expense for B.Rich's December salary will Payless record when it pays these taxes?
A) $2,765
B) $765
C) $3,170.45
D) $1,240
Correct Answer:
Verified
Correct Answer:
Verified
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