During the month of January, an employer incurred the following payroll taxes: FICA Social Security taxes of
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During the month of January, an employer incurred the following payroll taxes:
FICA Social Security taxes of $372,
FICA Medicare taxes of $87,
FUTA taxes of $36, and
SUTA taxes of $324.
Prepare the journal entry to record the employer’s payroll tax expense assuming these wages will be paid in early February.
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