Earnings for several employees for the week ended April 7, 20--, are as follows: Calculate the employer's

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Earnings for several employees for the week ended April 7, 20--, are as follows:

Taxable Earnings Unemployment Social Compensation Sccurity $ 850 970 830 1,825 990 Employee Name Boyd, Glenda L. Evans,

Calculate the employer's payroll taxes expense and prepare the journal entry as of April 7, 20--, assuming that FUTA tax is 0.8%, SUTA tax is 5.4%, Social Security tax is 6.2%, and Medicare tax is1.45%.

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College Accounting

ISBN: 978-0538745192

20th Edition

Authors: Heintz and Parry

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Question Posted: Dec 20, 2011 10:25 AM

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Earnings for several employees for the week ended April 7, 20--, are as follows: Calculate the employer's

Question:

Taxable Earnings Unemployment Social Compensation Sccurity $ 850 970 830 1,825 990 Employee Name Boyd, Glenda L. Evans, Sheryl N. Fox, Howard J. Jacobs, Phyllis J. Current Earnings $ 850 970 830 1,825 990 $300 225 830 Roh, William R. 25

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Total unemployment taxable 138000 Total Social Security ta...View the full answer

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