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Harper Morgan owns White Mountain Assessments in Laconia, New Hampshire. The standard workweek is 40 hours. Use the wage-bracket method in the federal tax
Harper Morgan owns White Mountain Assessments in Laconia, New Hampshire. The standard workweek is 40 hours. Use the wage-bracket method in the federal tax table from Appendix C. No employee has exceeded the Social Security tax wage base. All employees submitted a 2022 Form W-4, and no box was checked in Step 2. Total, prove, and rule the entries. Note: Round your intermediate calculations and final answers to 2 decimal places. Required: Using the employee payroll entry from Problem 7-3A, post the September 9 employee pay for White Mountain Assessments to the selected General Ledger accounts shown next. This will have a Posting Reference of J4. Account: Salaries and Wages Payable. Date September 09 Post Reference J4 Debit Credit Balance Account: Employee Federal Income Tax Payable Date Post Reference September 09 J4 Debit Credit Account: Social Security Tax Payable Post Date Reference September 09 J4 Debit Account: Medicare Tax Payable Post Date Reference September 09 J4 Date September 09 Debit Balance Credit Balance Credit Balance Account: Salaries and Wages Expense Post Reference J4 Debit Credit Balance
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