Question: Jackson worked 45 hours during the current week. Ha regular pay is $10 per hour. He receives time and a half for overtime. He is
Jackson worked 45 hours during the current week. Ha regular pay is $10 per hour. He receives time and a half for overtime. He is single and has two withholding allowances. Assume that each withholding allowance is worth $75. 1) Journalize the company's payroll for the week using a social security tax rate of 6% and a Medicare tax rate of 1.5% Wage Bracket Withholding Table Date X/X/200X Account Debit Credit 2) Journalize the company's payroll tax for the week using a SUTA tax rate of 5.4% and a FUTA tax rate.6%. Date X/X/20XX Account Debit Credit B 4 5 6 7 8 On June 5, ABC Company issues a $10,000, 5%, 90-day note. 1) Calculate the interest on the note. 2) Calculate the maturity value on the note. 3) Calculate the due date for the
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