In January, gross earnings in Padgett Company totaled $84,000. All earnings are subject to 7.65% FICA taxes,

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In January, gross earnings in Padgett Company totaled $84,000. All earnings are subject to 7.65% FICA taxes, 5.4% state unemployment taxes, and 0.8% federal unemployment taxes. Prepare the entry to record January payroll tax expense.

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Financial and managerial accounting

ISBN: 978-1118016114

1st edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Dec 29, 2012 03:22 AM

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In January, gross earnings in Padgett Company totaled $84,000. All earnings are subject to 7.65% FICA taxes,

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Jan 31 Payroll Tax Expense 11928 FI...View the full answer

Financial and managerial accounting

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