Thomas Longbow is the only employee of Presido, Incorporated. During the first week of January, Longbow earned $$1,600$ and had federal and state income tax withholdings of $$80$ and $$30,$ respectively. FICA taxes are $7\mathrm{.}65\%$ on earnings up to $$132,900.$ State and federal unemployment taxes for the period are $$100$ and $$16,$ respectively.

What is Presido's payroll tax expense for the week?

Answer rating: 100% (QA)

To calculate Presidos payroll tax expense for the week we need to consider the various taxes withhel... View the full answer