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Business, 21.01.2021 22:10, jujurocks10
Payroll Entries Urban Window Company had gross wages of $252,000 during the week ended July 15. The amount of wages subject to social security tax was $226,800, while the amount of wages subject to federal and state unemployment taxes was $32,000. Tax rates are as follows: Social security 6.0% Medicare 1.5% State unemployment 5.4% Federal unemployment 0.6% The total amount withheld from employee wages for federal taxes was $50,400. For a compound transaction, if an amount box does not require an entry, leave it blank. a. Journalize the entry to record the payroll for the week of July 15.
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Payroll Entries Urban Window Company had gross wages of $252,000 during the week ended July 15. The...
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