ACCOUTING PRIN SET LL INCLUSIVE
ACCOUTING PRIN SET LL INCLUSIVE
14th Edition
ISBN: 9781119815327
Author: Weygandt
Publisher: WILEY
Question
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Chapter 11, Problem 7EYCT

(a)

To determine

State Income tax: The tax on the total earnings of employee is deducted by employer and deposited to state authority is called state income tax. Employer need not to contribute in this tax so it is not included in payroll tax expense.

To determine: the state income tax.

(b)

To determine

the property taxes

(c)

To determine

the state and federal taxes on gasoline.

(d)

To determine

the sales tax.

(e)

To determine

the social security taxes.

(f)

To determine

the federal income tax.

(g)

To determine

the total taxes paid.

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