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Dixon Sales has five sales employees that receive weekly paychecks. Each earns $17.00 per hour and each has worked 40 hours in the pay period.
Dixon Sales has five sales employees that receive weekly paychecks. Each earns $17.00 per hour and each has worked 40 hours in the pay period. Each employee pays 12% of gross in federal income tax, 3% of gross in state income tax, 6% of gross in Social Security tax, 1.5% of gross in Medicare tax, and 0.5% of gross in state disability insurance. Journalize the recognition of the pay period ending January 19 which will be paid to the employees January 26 . If an amount box does not require an entry, leave it blank. Present your answers to the nearest cent
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