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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you and several classmates are studying for the next accounting examination they ask you to answer the following
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