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a, b, and c. please Summary payroll data In the following summary of data for a payroll period, some amounts have been intentionally omitted: a.
a, b, and c. please
Summary payroll data In the following summary of data for a payroll period, some amounts have been intentionally omitted: a. Determine the amounts omitted in lines (1), (3), (8), and (12). Assume that the social security tax rate was 6.0% and the Medicare tax rate was 1.5%. (1) $ (3) s (8) 5 (12) 5 Fetoback Cheak Mr Wock b. Journalize the entry to record the payroll sccrual, If an amount box does not require an entry, leave it biank. b. Journalize the entry to record the payroll accrual. If an amount box does not require an entry, leave it blank. Feedback Theok Mrwork Gross pay is the amount that employees have earned before taxes and deductions; A portion of employees' earnings are owed for such items as state and federal taxes. Net pay is also known as take home pay. Expenses can be classified on a multi-step income statement as selling expenses or general and administrative expenses and therefore payment of salaries need to be classified accordingly. c. Joumalize the entry to record the payment of the payroll. If an amount box does not require an entry, leave it blank. c. Journalize the entry to record the payment of the payroll. If an amount box does not require an entry, leave it blank Step by Step Solution
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