In January, gross earnings in Lugo Company totaled $80,000. All earnings are subject to 7.65% FICA taxes,

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In January, gross earnings in Lugo Company totaled $80,000. All earnings are subject to 7.65% FICA taxes, 5.4% state unemployment taxes, and 0.6% federal unemployment taxes. Prepare the entry to record January payroll tax expense.

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Accounting Tools For Business Decision Making

ISBN: 9781119571056

7th Edition

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

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Question Posted: Feb 03, 2020 04:38 AM

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In January, gross earnings in Lugo Company totaled $80,000. All earnings are subject to 7.65% FICA taxes,

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Accounting Tools For Business Decision Making

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