Urban Window Company had gross wages of $360,000 during the week ended July 15. The amount of wages subject to social security tax was $360,000, while the amount of wages subject to federal and state unemployment taxes was $30,000. Tax rates are as follows: Social security 6.0% Medicare 1.5% State unemployment 5.4% Federal unemployment 0.6%   The total amount withheld from employee wages for federal taxes was $48,000.

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A: Social Security tax = Social Security Taxable Earnings x Social Security tax rate = $128400*6.20% =…

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Q: Urban Window Company had gross wages of $320,000 during the week ended July 15. The amount of wages…

A: a)

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A: Social security tax is the one which is applicable on the payment of wages.

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A: Option “c” is the correct option.

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A: Answer a:

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Q: (The following information applies to the questions displayed below.] BMX Company has one employee.…

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A: State Unemployment Tax Payable = Salaries Expense x state unemployment tax rate = 30000*3.1% = $930…

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A:

Q: XYZ Company had gross wages of $355,000 during the week ended November 30. The amount of wages…

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A:

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A: Introduction:- Federal Tax, State Tax and FICA tax are withheld from employee's wages.

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Q: Alfred Spindle earned gross wages of $1,600 for the week ended June 21, 20XL. His gross wages year…

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