Dowling Company had gross wages of ($ 356,000) during the week ended December 6 . The amount
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Dowling Company had gross wages of \(\$ 356,000\) during the week ended December 6 . The amount of wages subject to social security tax was \(\$ 285,000\), while the amount of wages subject to federal and state unemployment taxes was \(\$ 18,000\). Tax rates are as follows:
The total amount withheld from employee wages for federal taxes was \(\$ 66,900\).
a. Journalize the entry to record the payroll for the week of December 6 .
b. Journalize the entry to record the payroll tax expense incurred for the week of December 6 .objs. \(2,3,4\)
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Financial Accounting
ISBN: 9780324380675
10th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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