The employees of Carson Bakery Company earn total wages of $7,780 during January. The total amount is

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The employees of Carson 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 payrolltaxes.
The employees of Carson Bakery Company earn total wages of
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Payroll Accounting

ISBN: 978-1133962533

2013 edition

Authors: Bernard J. Bieg, Judith A. Toland

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