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Jones Corporation Pays Its Employees Monthly

Question 47

Multiple Choice

Jones Corporation pays its employees monthly. The following information is available for the January payroll:
Jones Corporation pays its employees monthly. The following information is available for the January payroll:   All employees' salaries are subject to the tax rates mentioned above for Jones Corporation. Using the information above, what was the liability relative to the January payroll after the employees received and cashed their payroll checks? A)  $27,440 B)  $21,840 C)  $21,490 D)  $25,200
All employees' salaries are subject to the tax rates mentioned above for Jones Corporation.
Using the information above, what was the liability relative to the January payroll after the employees received and cashed their payroll checks?


A) $27,440
B) $21,840
C) $21,490
D) $25,200

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