Robin Company payroll records for the month ended October 31, 2021 show the following details: Salaries...

 

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Robin Company payroll records for the month ended October 31, 2021 show the following details: Salaries earned by employees Federal income taxes withheld $ 400,000 84,000 The salaries are subject to 6% Social Security tax and 1.5% Medicare tax. Note, Social Security tax and Medicare tax are equal amounts for employees and employer. In addition, earnings of $60,000 are subject to state unemployment tax of 5.4% and federal unemployment tax of 0.8%. Record the payroll for October. Also, record payroll tax expense for October. There are more rows than you need. How much is the net pay? Account Title Debit Credit Robin Company payroll records for the month ended October 31, 2021 show the following details: Salaries earned by employees Federal income taxes withheld $ 400,000 84,000 The salaries are subject to 6% Social Security tax and 1.5% Medicare tax. Note, Social Security tax and Medicare tax are equal amounts for employees and employer. In addition, earnings of $60,000 are subject to state unemployment tax of 5.4% and federal unemployment tax of 0.8%. Record the payroll for October. Also, record payroll tax expense for October. There are more rows than you need. How much is the net pay? Account Title Debit Credit

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Record the payroll for October and calculate the net pay Account Title Debit Credit Sal... View the full answer