Action Travel has 10 employees each working 40 hours per week and earning $20 an...
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Accounting
Action Travel has 10 employees each working 40 hours per week and earning $20 an hour. Federal income taxes are withheld at 15% and state income taxes at 6%. FICA taxes are 7.65% and unemployment taxes are 3.8% of the first $7,000 earned per employee. What is the actual direct deposit of payroll for the first week of January? $8,000. $4,792. $5,708. $5,404.
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