Question
4) Howard company paid salaries of $42,000. $25,000 of it was taxable for social security, FUTA, state unemployment (3.5%). Income taxes withheld were $4500. Howard's
4) Howard company paid salaries of $42,000. $25,000 of it was taxable for social security, FUTA,
state unemployment (3.5%). Income taxes withheld were $4500.
Howard's employees put $2000 in their 401(k) plans and Howard matched it.
A) Write the payroll journal entry.
B) Write the payroll tax and benefits journal entry.
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Applying IFRS Standards
Authors: Ruth Picker, Kerry Clark, John Dunn, David Kolitz, Gilad Livne, Jance Loftus, Leo Van Der Tas
4th Edition
1119159229, 9781119159223
