Mission company has three employees: gross pay through july gross pay for august smith $2,200 $2,000 cain 27,800 4,500 clark 95,600 14,100 the company is subject to the following taxes: tax rate applied to fica – social security 6.2% first $106,800 fica – medicare 1.45% all gross pay futa .80% first $7,000 suta 5.40% first $7,000 what are mission company's total august payroll taxes for smith?

Peppy knows a lot about marketing, but not much about the legal or financial aspects of starting a new business. he wants to consult with a lawyer and accountant, but his budget is tight with all of the expenses involved in getting peppy's pizzazzeria up and running. peppy should: trust his basic instincts and try to put it together without the advice of lawyers and accountants. delay talking with a lawyer and accountant until the business has established a positive cash flow for at least one year. immediately hire full-time lawyers and accountants for his staff. consult with a lawyer and accountant even though the budget is tight.