Ch.11 Current Liabilities
Explain the two basic entries for payroll.
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Accounting
Ch.11 Current Liabilities
Explain the two basic entries for payroll.
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There is two entry made for payroll 1 gross wages 2 employers portion of the payroll tax Gross wages include the portion payable to employees it is known as net pay or amount payable to the government or third party on behalf of the employee such as federal income taxes
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