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Prepare the journal entries for the following transactions: On 1/17/10, ABC pays gross wages of $10,000 and withholds $765 for FICA and $2,000 for Federal
- Prepare the journal entries for the following transactions:
- On 1/17/10, ABC pays gross wages of $10,000 and withholds $765 for FICA and $2,000 for Federal Withholding to be paid later. There is a total of $70 in FUTA liability. The taxes are paid on 2/14/10.
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