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XYZ Co had the following payroll transactions for the first pay period in 2012. Wages $13000 Federal income tax withheld 880 Social security tax is
XYZ Co had the following payroll transactions for the first pay period in 2012. Wages $13000 Federal income tax withheld 880 Social security tax is 6.2% and medicare tax is 1.45%. State unemployment tax is 6.2%. Prepare the journal entry to record the wage expense.
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Intermediate Microeconomics And Its Application
Authors: Walter Nicholson, Christopher M. Snyder
13th Edition
0357133064, 978-0357133064
