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Check my work Airline Temporary Services (ATS) pays employees monthly. Payroll Information is listed below for January, the first month of ATS's fiscal year. Assume
Check my work Airline Temporary Services (ATS) pays employees monthly. Payroll Information is listed below for January, the first month of ATS's fiscal year. Assume that none of the employees exceeds the federal unemployment tax maximum salary of $7.000 in January salaries expense Federal and state income tax withhold Federal unemployment tax rate State unemployment tax rate after TUTA deduction) FICA tax rate (Social Security and Medicare) $500,000 100,000 0.800 5.400 7.659 Required: Record salaries expense and payroll tax expense for the January pay period. (If no entry is required for a particular transaction, select "No Journal Entry Required" in the first account field) View transaction that Journal entry worksheet Journal entry worksheet Record the employee salary, withholdings, and salaries payable. Note: Enter debits before credits General Journal Debit Credit Dato January 31 View general Journal Record entry Clear entry View transaction list Journal entry worksheet 2 > Record the employer payroll tax expense. Note: Enter debits before credits Date General Journal Debit Credit January 31 Record entry Clear entry Vlow general Journal
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