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Hello I need help with this equation for my accounting coursework In January, gross earnings in Crane Company totaled $54,000. All earnings are subject to
Hello I need help with this equation for my accounting coursework
In January, gross earnings in Crane Company totaled $54,000. All earnings are subject to 7.65% FICA taxes, 5.40% state unemployment taxes, and 0.60% federal unemployment taxes. Prepare the entry to record January payroll tax expense. (Credit account titles are automatically indented when amount is entered. Do no indent manually. Round answers to 0 decimal places, e.g. 5,275.)Step by Step Solution
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