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John Smith works 4 0 hours for ABC Corp. for $ 1 5 per hour. Required payroll deductions are: Social Security $ 3 7 .
John Smith works hours for ABC Corp. for $ per hour. Required payroll deductions are: Social Security $; Medicare $; Federal income tax $; and State income tax $ Assuming that John gets paid in cash and payroll deductions will be paid the following month, how would ABC record his gross pay?
Multiple choice question.
Cash increases $
Salaries and Wages Payable increases $
Cash decreases $
Salaries and Wages Expense increases $
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