A company has 10 employees, each of whom earns $1.900 per month and has been...
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Accounting
A company has 10 employees, each of whom earns $1.900 per month and has been employed since January 1. All wages for this period are subject to 6.2% FICA Social Security taxes and 1.45% FICA Medicare taxes. FUTA taxes are O.6\% and SUTA taxes are 5.4% of the first $7,000 paid to each employee. Prepare the February 28 journal entry to record the February payroll taxes expense: Note: Round your answers to 2 decimal places
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