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Hollow Company Provides You with Following Information for Two of Its

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Hollow Company provides you with following information for two of its employees. The company is subject to the following taxes.
 Tax Rate  Applied To  FICA-Social Security 6.20% First $118,500  FICA-Medicare 1.45% All gross pay  FUTA 0.60% First $7,000  SUTA 3.20% First $7,000\begin{array} { | l | l | l | } \hline \text { Tax} & \text { Rate } & \text { Applied To } \\\hline \text { FICA-Social Security } & 6.20 \% & \text { First \$118,500 } \\\hline \text { FICA-Medicare } & 1.45 \% & \text { All gross pay } \\\hline \text { FUTA } & 0.60 \% & \text { First \$7,000 } \\\hline \text { SUTA } & 3.20 \% & \text { First } \$ 7,000 \\\hline\end{array} Compute amounts for each of these four taxes as applied to each employee's gross earnings for November.
 Gross Pay through October  Gross Pay for November  a. $6,400$2,000 b. $112,000$9,400\begin{array} { | l | l | } \hline \text { Gross Pay through October } & \text { Gross Pay for November } \\\hline \text { a. } \$ 6,400 & \$ 2,000 \\\hline \text { b. } \$ 112,000 & \$ 9,400 \\\hline\end{array}

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