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correct answer According to a summary of the payroll of Scotland Company, $400,000. The entire payroll is subject to Social security and Medicare tax. Federal
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According to a summary of the payroll of Scotland Company, $400,000. The entire payroll is subject to Social security and Medicare tax. Federal income tax withheld was $98.000. Also, $15,000 was subject to state (3.2%) and federal (0.8%) unemployment taxes. (a) Joufnalize the entry to record the accrual of payroll. (b) Journalize the entry to record the accrual of payroll taxesStep by Step Solution
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