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majestico majestico
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6 years ago
Sweetman's Recording Studio payroll records show the following information:

   Cumulative Earnings   Weekly   
   Before Payroll   Salary
D. Gordon   $20,000   950

Assume the following:
a) FICA: OASDI, 6.2% on a limit of $117,000; Medicare, 1.45%.
b) Each employee contributes $40 per week for union dues.
c) State income tax is 5% of gross pay.
d) Federal income tax is 20% of gross pay.

Prepare a general journal payroll entry.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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AugustisAugustis
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majestico Author
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6 years ago
I swear you're the best
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#3
5 years ago
Happy to help Slight Smile
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