18. Thomas Longbow is the only employee of Presido, Incorporated During the first week of January, Longbow earned $4,400
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18. Thomas Longbow is the only employee of Presido, Incorporated During the first week of January, Longbow earned $4,400
18. Thomas Longbow is the only employee of Presido, Incorporated During the first week of January, Longbow earned $4,400.00 and had federal and state income tax withholdings of $220.00 and $82.50, respectively. FICA taxes are 7.65% on earnings up to $132,900. State and federal unemployment taxes for the period are $275.00 and $44.00, respectively. What is Presido's payroll tax expense for the week? a) b) c) d) e) $1,294.7 $958.1 $655.6 $621.5 None of the above. so
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