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2. During January, deluxe printing pays employee salaries of $1 million. Withholding in January are 76,500 for the employee portion of FICA and $210,000 for
2. During January, deluxe printing pays employee salaries of $1 million. Withholding in January are 76,500 for the employee portion of FICA and $210,000 for federal income tax. The company incurs an additional $38,000 for unemployment tax. record the journal entries for salaries expense and payroll tax expense.
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