ACC 537 Week 3 Textbook Problem 11-4 Per Company
ACC 537 Week 3 Textbook Problem P13-4 Otis Import
Company( Team Paper and Solution)
item. In addition, indicate where, or if, these items should be included in Lobo % u2019s financial statements.
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ACC 537 Week 3 Textbook Problem 11-4 Per Company
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ACC 537 Week 3 Textbook Problem 11-4 Per Company Truck =========================================
ACC 537 Week 3 Textbook Problem P13-4 Otis Import
Company( Team Paper and Solution)
For more course tutorials visit www. uophelp. com
Below is a payroll sheet for Otis Import Company for the month of September 2014. The company is allowed a 1 % unemployment compensation rate by the state; the federal unemployment tax rate is 0.8 % and the maximum for both is $ 7,000. Assume a 10 % federal income tax rate for all employees and a 7.65 % FICA tax on employee and employer on a maximum of $ 113,700. In addition, 1.45 % is charged both employer and employee for an employees wages in excess of $ 113,700 per employee.