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please help!! exam 2 mock Fulgent Booking Sy The Role of Villain Econ Exam 1 Flash Tapi Rental Glampi. Question 16 10 pts Payroll Problem

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exam 2 mock Fulgent Booking Sy The Role of Villain Econ Exam 1 Flash Tapi Rental Glampi. Question 16 10 pts Payroll Problem Journal Entries: You are the accountant for Camino Jet Engines, Inc. On January 31, 2020, the company's payroll register showed the following information. Using this information, you should record both the employee salaries expense and employer payroll tax expense journal entries. A B) The company's employees earned salaries of $172,000. 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 $25,800 of federal income taxes. The SUTA Tax rate is 5.4%. The FUTA Tax rate is 0.6%. No employee had earned more than $7,000 for 2020. C) D No employee had exceeded the FICA-Social Security taxable wage base for 2020. Required 1

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