3.) B&B Company has numerous emplo information for the most recent wee ompany has numerous...
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Accounting
3.) B&B Company has numerous emplo information for the most recent wee ompany has numerous employees who are paid on a weekly basis. Payroll mation for the most recent week ending November 15th is given below: $142,000 Employee compensation (gross pay) Union Dues Charitable contributions $ 1,450 $ 875 Federal Income Tax Rate 22.5% FICA-Social Security Tax Rate 6.2% FICA-Medicare Tax Rate 1.45% FUTA Rate 0.8% SUTA Rate 5.4% Prepare the journal entry to record the 1) employee deduction entry and 2) the payroll expense entry for B & B Company for November 15th
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