Question: In January, the payroll supervisor determines that gross earnings for Maugrim Company are $110,000. All earnings are subject to 8% FICA taxes, 5.4% state unemployment

In January, the payroll supervisor determines that gross earnings for Maugrim Company are $110,000. All earnings are subject to 8% FICA taxes, 5.4% state unemployment taxes, and 0.8% federal unemployment taxes. Bond asks you to record the employer’s payroll taxes.

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