The gross payroll total for all employees of Yanni's Gyros this month is $120,000. All employees' wages fall below the Social Security limit. The total FICA taxes for both employees and employer is a) $9,087 b) $9,180 Oc) $18.174 d) $18,360

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The gross payroll total for all employees of Yanni's Gyros this month is $120,000. All
employees' wages fall below the Social Security limit. The total FICA taxes for both
employees and employer is
a) $9,087
b) $9.180
c) $18.174
d) $18,360
Transcribed Image Text:The gross payroll total for all employees of Yanni's Gyros this month is $120,000. All employees' wages fall below the Social Security limit. The total FICA taxes for both employees and employer is a) $9,087 b) $9.180 c) $18.174 d) $18,360
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