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On January 14, the end of the first pay period of the year, a company's employees earned $28,000 of salariesWithholdings employees' salaries include FICA Social

On January 14, the end of the first pay period of the year, a company's employees earned $28,000 of salariesWithholdings employees' salaries include FICA Social Security taxes at the rate of %, FICA Medicare taxes at the rate of 1.45\% , and $2,100 federal income taxes. No employee earned more than $7,000 in this first period . Prepare the journal entry to record the company's January 14 salaries expense and related liabilities View transaction Journal entry worksheet < Record the company's January 14 salaries expense and related . student submitted image, transcription available below
On January 14, the end of the first pay period of the year, a company's employees earned $28,000 of salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%, and $2,100 of federal income taxes. No employee eamed more than $7,000 in this first period. Prepare the journal entry to record the company's January 14 salaries expense and related liabilities. Journal entry worksheet Record the company's January 14 salaries expense and related liabilities. Nete: Enter debits before credits

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