Question
Journal Entry to pay the semi-monthly payroll, $2500 of direct labor, $400 for indirect labor, and $1,100 as salary expense. The amounts withheld are $500
Journal Entry to pay the semi-monthly payroll, $2500 of direct labor, $400 for indirect labor, and $1,100 as salary expense. The amounts withheld are $500 for income taxes and $350 for FICA taxes. A second journal entry for the employer's portion of the payroll taxes must be recorded. This includes matching the FICA taxes, .8% for Federal Unemployment taxes and 5.4% for State Unemployment taxes.
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Auditing a risk based approach to conducting a quality audit
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
9th edition
9781133939160, 1133939155, 1133939163, 978-1133939153
