Prepare the entry to record january payroll tax expense, Accounting Basics

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Prepare the entry to record january payroll tax expense

In January, gross earnings in Vega Company totaled $71,100. All earnings are subject to 8% FICA taxes, 5.4% state unemployment taxes, and 0.8% federal unemployment taxes. Prepare the entry to record January payroll tax expense. (For multiple debit/credit entries, list amounts from largest to smallest eg 10, 5, 3, 2. Round answers to 0 decimal places, e.g. 125.)

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Accounting Basics: Prepare the entry to record january payroll tax expense

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Accounting Basics: Prepare the entry to record january payroll tax expense

Reference No:- TGS0705405

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Discussing the options blalock

Q : What would be amount of income before taxes under lifo

Q : What is amount of income tax that the company has paid

Q : Compute cindy neuers gross earnings and net pay

Q : Prepare the entry to record january payroll tax expense

Q : What entry should be made at the time

Q : Prepare the entry to record farrins investment

Q : Why the partners share income equally

Q : How to the special order be accepted

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Prepare the entry to record january payroll tax expense

Reference No:- TGS0705405

Recent Questions Asked Accounting Basics

Q : Discussing the options blalock

Q : What would be amount of income before taxes under lifo

Q : What is amount of income tax that the company has paid

Q : Compute cindy neuers gross earnings and net pay

Q : Prepare the entry to record january payroll tax expense

Q : What entry should be made at the time

Q : Prepare the entry to record farrins investment

Q : Why the partners share income equally

Q : How to the special order be accepted

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