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Please help and explain if possible, I'm lost. Thank you! The journal entry to record the payroll from Figure 6.1 , on pages 62 and
Please help and explain if possible, I'm lost. Thank you!
The journal entry to record the payroll from Figure 6.1 , on pages 62 and 63, would be: Example 6-7 The journal entry to record the payroll tax entry from Figure 6.1 on pages 62 and 63 would be (assume a SUTA tax rate of 3.0% ): The employees of Donnelly Music Company earn total wages of $5,360 during January. The total amount is taxable under FICA, FUTA, and SUTA. The state contribution rate for the company is 3.6%. The amount withheld for federal income taxes is $804. Journalize the payment of the monthly wages, and record the payroll taxes. If an amount box does not require an entry, leave it blank. Round your answers to the nearest cent. The journal entry to record the payroll from Figure 6.1 , on pages 62 and 63, would be: Example 6-7 The journal entry to record the payroll tax entry from Figure 6.1 on pages 62 and 63 would be (assume a SUTA tax rate of 3.0% ): The employees of Donnelly Music Company earn total wages of $5,360 during January. The total amount is taxable under FICA, FUTA, and SUTA. The state contribution rate for the company is 3.6%. The amount withheld for federal income taxes is $804. Journalize the payment of the monthly wages, and record the payroll taxes. If an amount box does not require an entry, leave it blank. Round your answers to the nearest centStep by Step Solution
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