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Required information [ The following information applies to the questions displayed below. ] Kayla works for LeFlore Inc. and earns a monthly salary of $
Required information
The following information applies to the questions displayed below.
Kayla works for LeFlore Inc. and earns a monthly salary of $ Based on Kayla's Form W LeFlore withholds $ from Kayla's monthly paycheck for federal income taxes. Assume the Social Security tax rate is percent on the first $ of salaries and the Medicare tax rate is percent of total salaries.
c Prepare the journal entry to record Leflore's cash payment of Kayla's monthly salary for January. Do not round intermediate calculations. Round your answers to decimal places.
Journal entry worksheet
Record the entry for payment of the payroll for the week.
Note: Enter debits before credits.
tableDateDebit,CreditJan
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