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Unformatted text preview: 0.8% rate 26,000 x 208 Cr. Cr. rio 1 oll is paid on 31-Dec S Tax limit has been reached with some employees, since late in the year. Same applies to FUTA and SUTA. the reason the earnings subject to Medicare are higher r earnings subject to SS, SUTA and FUTA. Payroll Taxes 1,532 Social Security Tax Payable 1,080 Medicate Tax Payable 390 SUTA Payable 54 FUTA Payable 8 rio 2 oll is paid on 2-Jan o one has reached any of the limits, so all earnings bject to all payroll taxes. Payroll Taxes 3,562 Social Security Tax Payable 1,560 Medicate Tax Payable 390 SUTA Payable 1,404 FUTA Payable 208...
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This note was uploaded on 06/22/2009 for the course ACCOUNTING 1b taught by Professor Seyedin during the Winter '08 term at Foothill College.
- Winter '08