At the end of January 200X, the total amount of Social Security, $610, and Medicare, $200, was
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At the end of January 200X, the total amount of Social Security, $610, and Medicare, $200, was withheld as tax deductions from the employees of Cornfield Acres Inc. Federal income tax of $3,000 was also deducted from their paychecks. Cornfield Acres has been classified as a monthly depositor of Form 941 taxes. Indicate when this payroll tax deposit is due and provide a general journal entry to record the payment.
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Kirti Kaushal
Having experience of more than 10 years is good enough to coach my students. Currently, I am working as an active supervisor of ACCA students. In my career, I helped students in financial accounting, management accounting, cost accounting, financial reporting, taxation, and audit. I also helped students publish their articles or papers in good journals. I also helped students with thesis and objective writing.
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Related Book For 
College Accounting A Practical Approach Chapters 1-26
ISBN: 9780130911421
8th Edition
Authors: Jeffrey Slater
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