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Nov. 30. Journalized the employer's payroll taxes on the payroll. Social security tax $12,735; Medicare tax $3,184. Unemployment taxes: State unemployment: 5.4% on $5,000 of
Nov. 30. Journalized the employer's payroll taxes on the payroll. Social security tax $12,735; Medicare tax $3,184. Unemployment taxes: State unemployment: 5.4% on $5,000 of wages; Federal unemployment: 0.8% on $5,000 of wages
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