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Calculation of Taxable Earnings and Employer Payroll Taxes, and Preparation of Journal Entry Required: Calculate the amount of taxable earnings for unemployment, Social Security, and

Calculation of Taxable Earnings and Employer Payroll Taxes, and Preparation of Journal Entry

Required:

Calculate the amount of taxable earnings for unemployment, Social Security, and Medicare taxes.

Prepare the journal entry to record the employer's payroll taxes as of October

7, 20 - .

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