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Business, 01.04.2021 16:10 veikkoaval
Great Lakes Tutoring had the following payroll information on February 28: Employee Gross Pay for this pay period was $4,000 Assume: FICA tax rates are: Social Security 6.2% on a limit of $118,500 and Medicare 1.45%; State Unemployment tax rate is 5.4% on the first $7,000.; Federal Unemployment tax rate is 0.6% on the first $7,000. (No one had earned over the limit as of this calendar date) Using the information above, the journal entry to record the Payroll Tax Expense for Great Lakes Tutoring would include:
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Great Lakes Tutoring had the following payroll information on February 28: Employee Gross Pay for th...
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