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In January, the payroll supervisor determines that gross earnings for Sunland Company are $118,000. All earnings are subject to7.65% FICA taxes,5.40% state unemployment taxes, and0.80%
In January, the payroll supervisor determines that gross earnings for Sunland Company are $118,000. All earnings are subject to7.65% FICA taxes,5.40% state unemployment taxes, and0.80% federal unemployment taxes.
(b)
Record the employer's payroll taxes.
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