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dID I do this correctly? The payroll register of Seaside Architecture Company indicates $850 of Social Security and $225 of Medicare tax withheld on total
dID I do this correctly?
The payroll register of Seaside Architecture Company indicates $850 of Social Security and $225 of Medicare tax withheld on total salaries of $15,300 for the period. Assume earnings subject to state and federal unemployment compensation taxes are $500 at the federal rate of 0.8% and state rate of 5.4%. Prepare the journal entry to record the payroll tax expense for the period. If an an entry, leave it blank or enter "0". If required, round your answers to two decimal placesStep by Step Solution
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