Question: please help with preparing the journal entries Current Attempt in Progress Concord Company has the following data for the weekly payroll ending January 31. Employees




Current Attempt in Progress Concord Company has the following data for the weekly payroll ending January 31. Employees are paid 1.50 times the regular hourly rate for all hours worked in excess of 40 hours per week. FICA taxes are 7.65% on the first $132,900 of gross earnings. Concord Compary is subject to 5.40% state unemployment taxes and 0.00% federal unemployment taxes on the first $7,000 of gross earnings. Using multiple attempts will impact your score. 70\% score reduction after attempt 1 CONCORDCOMPANY Payroll Register For the Week Ending January 31 Deductions Health Insurance \begin{tabular}{|r|} \hline 25 \\ \hline \end{tabular} eTextbook and Media Deductions \begin{tabular}{|r|} \hline ral Income Taxes \\ \hline 35 \\ \hline \end{tabular} Health Insurance Net Pay 38 25 \begin{tabular}{|r|} \hline 512.34 \\ \hline \end{tabular} 55 27 136.51 575.99 tbook and Media Prepare the journal entries to record the payroll and Concord's payroll tax expense. (Credit occount tities are automotically indented When amount le enterad Da not indont moneallv. Round anewers to 2 derimal nlacec ea 15.25.1
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