Assuming no employees are subject to ceilings for their earnings, Harris Company has the following...
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Accounting
Assuming no employees are subject to ceilings for their earnings, Harris Company has the following information for the pay period of January 1531.
| Gross payroll | $16,235 | Federal income tax withheld | $3,613 | |
| Social security rate | 6% | Federal unemployment tax rate | 0.8% | |
| Medicare rate | 1.5% | State unemployment tax rate | 5.4% |
Salaries Payable would be recorded in the amount of
a.$10,397.81
b.$11,615.43
c.$11,404.38
d.$16,235.00
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