I don't understand how to calculate the employer's payroll taxes with the 7k limit. Employee 1 monthly
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Question:
I don't understand how to calculate the employer's payroll taxes with the 7k limit.
Employee 1 monthly gross salary is $6000 ($12,000 made so far this year)
Employee 2 monthly gross salary is $5750 ($10,750 made so far this year)
Employee 3 monthly gross wages is $2460 (first paycheck/new employee)
Employee 3 monthly gross salary is $4730 ($6330.00 made so far this year).
Can you please show me the calculations?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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