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Title: Karl, an employee of Smith Electric, Inc., has gross salary for March of $4,000. The entire amount ... Post by: brendatanmy on Jul 26, 2018 Karl, an employee of Smith Electric, Inc., has gross salary for March of $4,000. The entire amount is under the OASDI limit of $117,000 and thus subject to FICA. He is also subject to federal income tax at a rate of 18%. Karl has a deduction of $320 for health insurance and $80 for United Way. Provide the journal entry to record salaries expense and payroll withholdings. (Assume a FICAOASDI Tax of 6.2% and FICAMedicare Tax of 1.45%.)
Title: Karl, an employee of Smith Electric, Inc., has gross salary for March of $4,000. The entire amount ... Post by: gabi0315 on Jul 26, 2018 Content hidden
Title: Karl, an employee of Smith Electric, Inc., has gross salary for March of $4,000. The entire amount ... Post by: brendatanmy on Jul 26, 2018 Above and beyond my expectations for this site
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