Data for Beth Corbin are presented in BE10-5. Prepare the employers journal entry to record payroll taxes
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Data for Beth Corbin are presented in BE10-5. Prepare the employer’s journal entry to record payroll taxes for the period. Ignore unemployment taxes.
BE10-5
Beth Corbin’s regular hourly wage rate is $16, and she receives an hourly rate of $24 for work in excess of 40 hours. During a January pay period, Beth works 45 hours. Beth’s federal income tax withholding is $95, and she has no voluntary deduction Compute Beth Corbin’s gross earnings and net pay for the pay period. Assume the FICA rate is 7.65%.
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Related Book For 
Financial Accounting
ISBN: 9781119298229,9781119305842
10th Edition
Authors: Jerry J. Weygandt , Donald E. Kieso , Paul D. Kimmel
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