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Legends Leadworks is a monthly schedule depositor of payroll taxes. For the month of April 2017, the payroll taxes (employee and employer share) were as
Legends Leadworks is a monthly schedule depositor of payroll taxes. For the month of April 2017, the payroll taxes (employee and employer share) were as follows:
Social Security tax: $5,386.56
Medicare tax: $1,259.76
Employee federal income tax: $4,978
Required: Create the General Journal entry for the remittance of the taxes on May 15, 2017
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