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Explain the payroll entries. What is the employee responsible for paying that is withheld from his or her pay? What is net pay and gross

Explain the payroll entries.

What is the employee responsible for paying that is withheld from his or her pay?

What is net pay and gross pay?

What does the employer need to pay?

What is social security?

What is medicare?

How do we calculate the interest for notes payable?

When do we record it?

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Fundamental Financial Accounting Concepts

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