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Please answer question clear. Thank you KMH Industries is a monthly schedule depositor of payroll taxes. For the month of August 2022 , the payroll
Please answer question clear. Thank you
KMH Industries is a monthly schedule depositor of payroll taxes. For the month of August 2022 , the payroll taxes (employee and employer share combined) were as follows: Social Security tax: $3,553.03 Medicare tax: $830.95 Employee Federal income tax: $2,760.00 Required: Create the General Journal entry for the remittance of the taxes. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to 2 decimal places. Journal entry worksheet Record the remittance of August payroll taxes. Note: Enter debits before creditsStep by Step Solution
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