14.19. Listed below is the payroll information for four of the employees of the Barlow Company. The...
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14.19. Listed below is the payroll information for four of the employees of the Barlow Company.
The FICA tax rate is 7.65 percent. The state unemployment rate for this company for the present year is 3.1 percent, and the federal rate is 0.8 percent. The cap on wages subject to unemployment tax is $7,000. Present the entry for Barlow's tax expense for these employees for the week.
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Related Book For
Schaums Outline Of Principles Of Accounting I
ISBN: 978-0070381490
5th Edition
Authors: Joel Lerner ,James Cashin
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