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  3. 5. employers: a. pay fica taxes in equal amount to

5. Employers: a. Pay FICA taxes in equal amount to the HICA taxes withheld from...

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Accounting

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5. Employers: a. Pay FICA taxes in equal amount to the HICA taxes withheld from the employees. b. Withhold employees' FICA taxes. c. Pay FICA taxes equal to the employee rate. d. Pay unemployment taxes to both the state and federal governments. e. All of the above. Short Problem #2 A company's employees had the following earnings records at the close of the current payroll period: Employees Earnings Through Prior Pay Period Earnings this Pay Period D. Adams $11,300 $3,900 J. Hess 6,100 2,500 R. Lui 9,500 3,100 T. Morales 4,800 1,400 L. Vang 10,000 3,000 The company's payroll taxes expense on each employee's earnings includes: FICA Social Security taxes of 6.2% on the first $76,200 plus 1.45% FICA Medicare on all wages; 0.8% federal unemployment taxes on the first $7,000; and 2.5% state unemployment taxes on the first $7,000. Compute the employer's total payroll taxes expense for the current pay period. Page 3 / 3 +

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