In January, the payroll supervisor determines that gross earnings for Bond Company are $110,000. All earnings are
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In January, the payroll supervisor determines that gross earnings for Bond 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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Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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