According to a summary of the payroll of Scotland Company,$450,000 was subject to the 6.0% social security tax and $500,000 was subject to the 1.5% Medicare tax.Federal income tax withheld was $98,000.Also,$15,000 was subject to state
(4.2%)and federal
(0.8%)unemployment taxes.

Question

According to a summary of the payroll of Scotland Company,$450,000 was subject to the 6.0% social security tax and $500,000 was subject to the 1.5% Medicare tax.Federal income tax withheld was $98,000.Also,$15,000 was subject to state 
(4.2%)and federal 
(0.8%)unemployment taxes.​

Quizplus · Accepted Answer

The Answer of According to a summary of the payroll of Scotland Company,$450,000 was subject to the 6.0% social security tax and $500,000 was subject to the 1.5% Medicare tax.Federal income tax withheld was $98,000.Also,$15,000 was subject to state 
(4.2%)and federal 
(0.8%)unemployment taxes.​

According to a Summary of the Payroll of Scotland Company,$450,000