El Arroyo North has 18 employees within Denver City and County. All the employees worked a predominant number of hours within the city. The employees earned $9.40 per hour and worked 160 hours each during the month. The employer must remit $4.00 per month per employee who earns more than $500 per month. Additionally, employees who earn more than $500 per month must have $5,75 withheld from their pay. Required: What are the employee and company Occupational Privilege Tax for the employees of El Arroyo North? Note: Round your answers to 2 decimal places. Category Employee Employer Occupational Privilege Tax
El Arroyo North has 18 employees within Denver City and County. All the employees worked a predominant number of hours within the city. The employees earned $9.40 per hour and worked 160 hours each during the month. The employer must remit $4.00 per month per employee who earns more than $500 per month. Additionally, employees who earn more than $500 per month must have $5,75 withheld from their pay. Required: What are the employee and company Occupational Privilege Tax for the employees of El Arroyo North? Note: Round your answers to 2 decimal places. Category Employee Employer Occupational Privilege Tax
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Problem 6-3A (Algo)
El Arroyo North has 18 employees within Denver City and County. All the employees worked a predominant number of hours within the
city. The employees earned $9.40 per hour and worked 160 hours each during the month. The employer must remit $4.00 per month
per employee who earns more than $500 per month. Additionally, employees who earn more than $500 per month must have $5.75
withheld from their pay.
Required:
What are the employee and company Occupational Privilege Tax for the employees of El Arroyo North?
Note: Round your answers to 2 decimal places.
Category
Employee
Employer
Occupational
Privilege Tax
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