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In January, gross earnings in Lily Company totaled 98,000. All earnings are subject to 7.65% FICA taxes, 5.40% state unemployment taxes, and 0.80% federal unemployment
In January, gross earnings in Lily Company totaled 98,000. All earnings are subject to 7.65% FICA taxes, 5.40% state unemployment taxes, and 0.80% federal unemployment taxes.
Prepare the entry to record January payroll tax expense
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Auditing Information Systems
Authors: Mario Piattini
1st Edition
1878289756, 9781878289759
