BSW Inc. had a weekly payroll of ($ 5,000) for three employees with mandatory withholdings of social

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BSW Inc. had a weekly payroll of \(\$ 5,000\) for three employees with mandatory withholdings of social security tax \((7.65 \%)\), federal withholdings of \(\$ 1,000\), and state withholdings of \(\$ 200\). Voluntary withholdings included retirement plan contributions of \(\$ 100\), and health care savings account contributions of \(\$ 150\). Record BSW Inc.'s weekly payroll entry.

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Intermediate Accounting Volume 2

ISBN: 9781618533135

2nd Edition

Authors: Hanlon, Hodder, Nelson, Roulstone, Dragoo

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