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Greer Company pays Jamal Perry a salary of $4,800 per week....

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Accounting

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Greer Company pays Jamal Perry a salary of $4,800 per week. How much cash will Greer submit to the federal government for FICA tax for this employee (including both the employee and employer portions)? (Assume a Social Security rate of 6 percent on the first $110,000 of income and a Medicare rate of 1.5 percent on all earnings.) Multiple Choice $360 5576 50 $720

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