Business
Business, 06.01.2021 19:40, CyanideFaux

Under the Federal Insurance Contributions Act, where do the funds for Social Security and Medicare come from?

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Pear co.’s income statement for the year ended december 31, as prepared by pear’s controller, reported income before taxes of $125,000. the auditor questioned the following amounts that had been included in income before taxes: equity in earnings of cinn co. $ 40,000 dividends received from cinn 8,000 adjustments to profits of prior years for arithmetical errors in depreciation (35,000) pear owns 40% of cinn’s common stock, and no acquisition differentials are relevant. pear’s december 31 income statement should report income before taxes of
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Under the Federal Insurance Contributions Act, where do the funds for Social Security and Medicare...

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