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The company has 2 employees, one is a sales technician, salary of $ 9 0 0 0 per month and the other employee is the
The company has employees, one is a sales technician, salary of $ per month and the other employee is the office manager with a salary of $ per month. Payroll is processed on the last day of the month and paid on the first day of the following month. Prepared payroll for the month of November, the first payroll for the company. Record the sales expense entry first. The tax rates are as follows: Federal Income Tax rates NC state income Tax Rate FICA Tax Rate Unemployment tax rate on the first $ of each employees' earnings per year. Number : Prepared payroll for the month of December, the first payroll for the company. Record the salaries expense first. The tax rates are as follows: Federal income tax rate NC State income tax rate FICA tax rate Unemployment tax rate on the first of each employees' earnings per year. Please PLEASE help!! There are supposed to be two entries for both November th and December It's tripping me up big time. Apperently, payroll entries have parts: the part the employee "pays" and the part the employer "pays." I just don't know how to do that? I leave likes!
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