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Problem 11 - 1 (Type your work) During an early payroll period, an employer has a salaries and wages expense of $60,000. Show the payroll
Problem 11 - 1 (Type your work) During an early payroll period, an employer has a salaries and wages expense of $60,000. Show the payroll journal entry for the period if social security is withheld at the rate of 6.2%, Medicare at 1.45%, federal income taxes at 15%, State income taxes at 2%, and union dues of 1.8%. Required: Show the required journal entry
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