In january gross earnings in alexi company were 60000 all


1. In January, gross earnings in Alexi Company were $60,000. All earnings are subject to 8% FICA taxes. Federal income tax withheld was $14,000, and state income tax withheld was $1,600. 

(a) Calculate net pay for January, and 

(b) Record the payroll. 

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Accounting Basics: In january gross earnings in alexi company were 60000 all
Reference No:- TGS01513386

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