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Perez Company has the following information for the pay period of January 15-31: Gross payroll $20,000 Federal income tax withhel d $2,500 Social security rate 6.0% Federal unemployment tax rate 0.8% Medicare rate 1.5% State unemployment tax rate 5.4%\begin{array}{lrlr}\text { Gross payroll } & \$ 20,000 & \text { Federal income tax withhel d } & \$ 2,500 \\\text { Social security rate } & 6.0 \% & \text { Federal unemployment tax rate } & 0.8 \% \\\text { Medicare rate } & 1.5 \% & \text { State unemployment tax rate } & 5.4 \%\end{array} Gross payroll Social security rate Medicare rate $20,0006.0%1.5% Federal income tax withhel d Federal unemployment tax rate State unemployment tax rate $2,5000.8%5.4% Assuming no employees are subject to ceilings for their earnings, calculate salaries payable and payroll tax expense.
On May 01, 2024