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8 C Question 20 Sarah's Theatrics, Inc. sells costumes and props. During May 2023, the company's employees earned $50,000. The related payroll taxes owed to

8 C Question 20 Sarah's Theatrics, Inc. sells costumes and props. During May 2023, the company's employees earned $50,000. The related payroll taxes owed to governmental entities will be 9% of employee earnings. Based upon this information, determine the overall effect of payroll transactions on retained earnings for May 2023.
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