The following totals for the month of June were taken from the payroll register of Young...
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The following totals for the month of June were taken from the payroll register of Young Company: Salaries expense $15,000 Social security and Medicare taxes withheld 1,125 Income taxes withheld 3,000 Retirement savings 500 Salaries subject to federal and state unemployment taxes of 6.2% 4,000 The entry to journalize the accrual of employer's payroll taxes would include a debit to The following totals for the month of June were taken from the payroll register of Young Company: Salaries expense $15,000 Social security and Medicare taxes withheld 1,125 Income taxes withheld 3,000 Retirement savings 500 Salaries subject to federal and state unemployment taxes of 6.2% 4,000 The entry to journalize the accrual of employer's payroll taxes would include a debit to
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