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all parts please clearly label answer PLEASE USE 6.2% FOR SOCIAL SECURITY AND 1.45% FOR MEDICARE INSTEAD EX 10-13. Payroll entries Obj. 2 Widmer Company
all parts please clearly label answer
PLEASE USE 6.2% FOR SOCIAL SECURITY AND 1.45% FOR MEDICARE INSTEAD
EX 10-13. Payroll entries Obj. 2 Widmer Company had gross wages of $320,000 during the week ended June 17. The amount of wages subject to social security tax was $320,000, while the amount of wages subject to federal and state unemployment taxes was $48,000. Tax rates are as follows: 6.04 Social security Medicare 1.54 5.4% State unemployment Federsi unemployment 0.8% The total amount withheld from employee wages for federal taxes was $64,000. a Journalize the entry to record the payroll for the week of June 17 b. Journalize the entry to record the payroll tax expense incurred for the week of June 17 Step by Step Solution
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