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Ing 17 Financial (ACCT-2113-MW01F) Chapter 11 Lesson (REQUIRED) QS 11-7 Recording employee payroll taxes @ P2 During the month of January, an employee earned $4,000
Ing 17 Financial (ACCT-2113-MW01F) Chapter 11 Lesson (REQUIRED) QS 11-7 Recording employee payroll taxes @ P2 During the month of January, an employee earned $4,000 of salary. Withholdings from the employee's salary consist of FICA Social Security taxes of $248, FICA Medicare taxes of $58, federal income taxes of $426, and medical insurance deductions of $170. Prepare the journal entry to record the employer's salaries expense and related liabilities assuming these wages will be paid in early February. Your answer 7 A B T U - I E E E E
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