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Employees are paid 1 1/2 times the regular hourly rate for all hours worked in excess of 40 hours per week. FICA taxes are 7.65
Employees are paid 1 1/2 times the regular hourly rate for all hours worked in excess of 40 hours per week. FICA taxes are 7.65 percent on the first 7,000 dollars of gross earnings. Prepare the payroll register for the weekly payroll. Prepare the journal entries to record the payroll and paimairo's payroll tax expense. ( credit account tittles are automatically indented when the amount is entered. Do not indent manually. Round answer to 2 decimal places, e.g. 15.25) Employees are paid 1 1/2 times the regular hourly rate for all hours worked in excess of 40 hours per week. FICA taxes are 7.65 percent on the first 7,000 dollars of gross earnings. Prepare the payroll register for the weekly payroll. Prepare the journal entries to record the payroll and paimairo's payroll tax expense. ( credit account tittles are automatically indented when the amount is entered. Do not indent manually. Round answer to 2 decimal places, e.g. 15.25)
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