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Chapter 8 problem 1 Ergo Company has one employee who is paid a...

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Accounting

Chapter 8 problem 1 Ergo Company has one employee who is paid a salary of $3000 per month. Payroll is processed on the last day of the month and paid on the first day of the following month. Payroll information for January this year is:
\table[[Federal and state income tax,$,450],[FICA (Social Security and Medicare),7.65%,],[Federal unemployment tax (on 1st $7,000),,6.20%
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