Use this information to answer the following question. Panadora Company has the following information for the pay
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Use this information to answer the following question.
Panadora Company has the following information for the pay period of January 1-15, 2014. Payment occurs on January 20.
Gross payroll $32,000
Federal income taxes withheld $3,600
Social security and Medicare rate 7.65%
Federal unemployment tax rate 0.8%
State unemployment tax rate 5.4%
Salaries Payable would be recorded for
a. $25,952.
b. $21,520.
c. $23,968.
d. $28,400.
Related Book For
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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