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  3. 3.) b&b company has numerous employees who are

3.) B&B Company has numerous employees who are paid on a weekly basis. Payroll information...

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Accounting

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3.) B&B Company has numerous employees who are paid on a weekly basis. Payroll information for the most recent week ending November 15th is given below: Employee compensation (gross pay) Union Dues Charitable contributions $122,000 $1,250 $ 22.5% 855 Federal Income Tax Rate FICA-Social Security Tax Rate FICA-Medicare Tax Rate 6.2% 1.45 % 0.8% FUTA Rate SUTA Rate 5.4% Prepare the journal entry to record the 1) employee deduction entry and 2) the payroll tax expense entry for B & B Company for November 15th. Credit Debit Account Name Date

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