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JOURNALIZING PAYROLL TRANSACTIONS On November 30, the payroll register of Webster & Smith indicated the following information: Wages and Salaries Expense $9,400.00 Employee Federal Income
JOURNALIZING PAYROLL TRANSACTIONS On November 30, the payroll register of Webster & Smith indicated the following information: Wages and Salaries Expense $9,400.00 Employee Federal Income Tax Payable 985.00 United Way Contributions Payable 200.00 Earnings subject to Social Security tax 9,400.00 Determine the amount of Social Security and Medicare taxes to be withheld and record the journal entry for the payroll, crediting Cash for the net pay
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