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QUESTION 4 Tops Markets reported the following information in its accounting records for the month ended March 31, 2020: Gross salaries earned by employees $8,500

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QUESTION 4 Tops Markets reported the following information in its accounting records for the month ended March 31, 2020: Gross salaries earned by employees $8,500 Net cash payment to employees $6,810 Why is there a difference between these two amounts? a. The difference is due to unemployment taxes owed by the employees. b. The company deducted payroll taxes from the salaries earned. C. The company intends to pay the difference to the employees at a future date. d. The company has made an error and will need to record an adjusting journal entry to correct it

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