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Home Q & A Board Other Fields Homework Help Business Accounting
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Fast2F Fast2F
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6 years ago
Mike's Door Service's payroll data for the second week of June included the following:

Employees' gross earnings   $4,500
Taxable earnings for FICA:
   OASDI   2,500
   Medicare   4,500
Taxable earnings for state unemployment taxes: $2,000

Assume the following tax rates:
FICA-OASDI   6.2%
FICA-Medicare   1.45%
State unemployment   1.5%
Federal unemployment   0.06%

Required: Prepare the payroll tax expense entry.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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OmpaOmpa
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6 years ago
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