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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Fundamental Accounting Principles

ISBN: 9781260247985

25th Edition

Authors: John J Wild, Ken Shaw

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Question Posted: Oct 27, 2021 02:48 AM

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During the month of January, an employer incurred the following payroll taxes: FICA Social Security taxes of

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