At the end of the fiscal year on June 30, 2018, Weisz Industries had unpaid accrued wages
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At the end of the fiscal year on June 30, 2018, Weisz Industries had unpaid accrued wages of $260,000. Assuming a FICA tax rate of 7.65 percent, a FUTA tax rate of 0.6 percent, and a SUTA tax rate of 5.4 percent, prepare the adjusting entry to record Weisz’s payroll tax expense.
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Related Book For
Introduction To AccountingAn Integrated Approach
ISBN: 9781119600107
8th Edition
Authors: Penne Ainsworth, Dan Deines
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