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When an employer electronically transfers FICA and FIT for both employees' and employer's share of federal payroll taxes: a. a debit is made to Payroll
When an employer electronically transfers FICA and FIT for both employees' and employer's share of federal payroll taxes: a. a debit is made to Payroll Tax only for the employer's share of FICA. b. a debit is made to Cash for the total deposit. c. a debit is made to Payroll Tax for the total amount. d. a credit is made to Cash for the total deposit
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Accounting concepts and applications
Authors: Albrecht Stice, Stice Swain
11th Edition
978-0538750196, 538745487, 538750197, 978-0538745482
