Question: Question 6 (2 points) Takei Company's payroll for the week ending January 15 amounted to $390,000 for salaries and wages. None of the employees has

 Question 6 (2 points) Takei Company's payroll for the week ending

Question 6 (2 points) Takei Company's payroll for the week ending January 15 amounted to $390,000 for salaries and wages. None of the employees has reached the earnings limits specified for federal or state employer payroll taxes. The following deductions were withheld from employees' salaries and wages: Federal Income Tax $75,000 State Income Tax 13,500 FICA Taxes 26,100 Union Dues 4,100 United Fund Contributions 2.700 Federal unemployment tax (FUTA) rate is 6.2% less a credit equal to the rate paid for state unemployment taxes. The state unemployment tax (SUTA) rate is 5.4%. How much is payroll taxes for the employer? a) $54,555 b) $112,470 c) $84,390 d) $105,450 Search

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