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The employees of Patel Bakery Company earn total wages of $ 7 , 7 8 0 during January. The total amount is taxable under FICA,

The employees of Patel Bakery Company earn total wages of $7,780 during January. The total amount is taxable under FICA, FUTA, and SUTA. The state contribution rate for the company is 4.3%. The amount withheld for federal income taxes is $998. Journalize the payment of the monthly wages, and record the payroll taxes.

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