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Business, 24.03.2020 05:38, 20alondra04
Widmer Company had gross wages of $310,000 during the week ended June 17. The amount of wages subject to social security tax was $310,000, while the amount of wages subject to federal and state unemployment taxes was $35,000. Tax rates are as follows: Social security 6.0% Medicare 1.5% State unemployment 5.4% Federal unemployment 0.8% The total amount withheld from employee wages for federal taxes was $47,000. Journalize the entry to record the payroll for the week of June 17.* Refer to the Chart of Accounts for exact wording of account titles. Journalize the entry to record the payroll tax expense incurred for the week of June 17. Refer to the Chart of Accounts for exact wording of account titles.
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Widmer Company had gross wages of $310,000 during the week ended June 17. The amount of wages subjec...
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