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Can someone help me prepare entries for payroll and payroll taxes? That is all the info that they provided me for this problem. nd DOITE
Can someone help me prepare entries for payroll and payroll taxes? That is all the info that they provided me for this problem.
nd DOITE 1015 During the month of February, Hennesey Corporation's employees earned wages of $74,000. Withholdings related to these wages were $5,661 for Social Security (FICA), $7,100 for federal income tax, and $1,900 for state income tax. Costs incurred for unemployment taxes were $110 for federal and $160 for state. Prepare the February 28 journal entries for (a) salaries and wages expense and sala- ries and wages payable assuming that all February wages will be paid in March and (b) the company's payroll tax expenseStep by Step Solution
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