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PLS HELP!! A company has 10 employees; each of whom earns $2,050 per month and has been employed since. January 1 . All vages for
PLS HELP!!
A company has 10 employees; each of whom earns $2,050 per month and has been employed since. January 1 . All vages for this period are subject to 6.2% FICA Social Security taxes and 1.45\% FICA Medicare toxes. FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 paid to each employee. Prepare the February 28 journal entry to record the February payroll taxes expense. Note: Round your answers to 2 decimal places. Journal entry worksheet Note: Enter debits before credits Step by Step Solution
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