Business
Business, 23.04.2021 03:20, wdw52001

Abe Carter had gross earnings of $6,000 for the pay period ending 11/30. His total gross earnings as of 11/15 (the end of the previous pay period) were $126,200. If Social Security taxes are 6.2% on a maximum earnings threshold of $132.900 per year and Medicare tax is 1.45% on all earnings, the journal entry to record his earnings for the period ending 11/30 would include:

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Abe Carter had gross earnings of $6,000 for the pay period ending 11/30. His total gross earnings as...

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