The employees of The Donnelly Music Company earned total wages of $4,690 on January. The total amount
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The employees of The Donnelly Music Company earned total wages of $4,690 on January. The total amount is taxable under FICA, FUTA and SUTA. The state contribution rate for the company is 3.6%. The amount withheld for federal income taxes was $685. Journalize the payment of wages and record the payroll taxes.
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