Total salaries and wages of Walnut Co . was $ 3 , 0 8 0 , 0
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Question:
Total salaries and wages of Walnut Co was $ of which $ represented amounts in excess of maximum limit of social security tax to certain employees ie the amount within the limit is $ Amount of the total salaries and wages in excess of the limit for unemployement tax is and the FICA tax is on an employee's salaries and wages up to the maximum limit and on an employee's salaries and wages in excess of the limit
Required: Prepare the journal entries to record salary & wage expense and payroll taxes expense
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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