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Title: Mid-West Tutoring had the following payroll information on January 31:EmployeeGross PayCumulative ... Post by: upton on Jun 6, 2017 Mid-West Tutoring had the following payroll information on January 31:
Employee Gross Pay Cumulative Earnings Prior to this Payroll R Baxter $6,000 $6,000 Assume: FICA tax rates are: OASDI 6.2% on a limit of $117,000 and Medicare 1.45%. State Unemployment tax rate is 2% on the first $7,000. Federal Unemployment tax rate is 0.8% on the first $7,000. Using the information above, the journal entry to record the employee's withholding taxes would include: A) a debit to Payroll Tax Expense in the amount of $6,000. B) a debit to Wages and Salaries Expense in the amount of $6,000. C) a credit to FUTA Payable for $48. D) a credit to Cash in the amount of $6,000. Title: Re: Mid-West Tutoring had the following payroll information on January 31:EmployeeGross ... Post by: Augustis on Jun 6, 2017 Content hidden
Title: Re: Mid-West Tutoring had the following payroll information on January 31:EmployeeGross ... Post by: John Sorrough on Nov 8, 2019 Much appreciated, thank you!
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