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Question 25 5 pts Hawk Corporation's gross weekly payroll is $12,000. Payroll information reveals FICA taxes withheld of $1,683, federal taxes withheld of $2,930, state
Question 25 5 pts Hawk Corporation's gross weekly payroll is $12,000. Payroll information reveals FICA taxes withheld of $1,683, federal taxes withheld of $2,930, state taxes withheld of $840, and insurance premiums withheld of $250. Hawk is subject to a 3% SUTA tax rate and 1% FUTA tax rate. Recording the first weekly payroll of the year in which no employee has reached any payroll tax limit for Hawk will include: A credit to Cash for $12,000 O None of these are correct O A debit to Payroll Tax Expense for $5.933 A debit to Salaries & Wages expense for $14,163 O A debit to Payroll Tax Expense for $2.163
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