A local store that has some employees. The wages earned by employees for September total 1 5
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A local store that has some employees. The wages earned by employees for September total The Social Security tax rate is the medicare tax rate is and the employer's federal and state unemployment tax rates are and respectively. The federal and state income tax withheld for the period totaled No employee is yet over the annual social security maximum wage base, but some employees are over annual unemployment tax wage base, so only of the September wages is subject to unemployment taxes. They also offer to match employee contributions to employersponsored retirement accounts; the total withheld from the employee's pay for retirement savings in September is make the journal entry to show the gross wages, the employee withholding, but not yet paid. Also, the net pay to employees not yet paid for September.
Related Book For
Fundamental financial accounting concepts
ISBN: 978-0078025365
8th edition
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
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