Business, 03.06.2021 16:50 moonk7733

For the week ended February 20, year 8, Epsilon Co. paid gross wages of $15,000, from which federal income taxes of $1,500 were withheld. All wages paid were subject to FICA tax rates of 7% each for employer and employee. Epsilon must also pay the 2% FUTA tax employers are subject to. Epsilon makes all payroll-related disbursements from a special payroll checking account. What amount should Epsilon have deposited in the payroll checking account to cover payroll and related payroll taxes for the week ended February 20, year 8

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For the week ended February 20, year 8, Epsilon Co. paid gross wages of $15,000, from which federal...