Question
In January, gross earnings in Vaughn Company were $88,000. All earnings are subject to7.65% FICA taxes. Federal income tax withheld was $14,500, and state income
In January, gross earnings in Vaughn Company were $88,000. All earnings are subject to7.65% FICA taxes. Federal income tax withheld was $14,500, and state income tax withheld was $1,500.
Net pay for January is $65,268
Record the payroll.
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Accounting for Decision Making and Control
Authors: Jerold Zimmerman
9th edition
125956455X, 978-1259564550
