Exercise 8-9(Algo) Record payroll (LO8-3) A Assessment Tool iframe rvices (ATS) pays employees...
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Exercise Algo Record payroll LO A Assessment Tool iframe rvices ATS pays employees monthly. Payroll information is listed below for January, the first month of ATS's fiscal year. Assume that none of the employees exceeds the federal unemployment tax maximum salary of $ in January. Salaries expense Federal and state income tax withheld Federal unemployment tax rate Social Security FICA tax rate Required: Record salaries expense and payroll tax expense for the January pay period. If no entry is required for a particular transaction, select No Journal Entry Required" in the first account field. Journal entry worksheet Record the employee salary, withholdings, and salaries payable. 
Exercise Algo Record payroll LO
A Assessment Tool iframe rvices ATS pays employees monthly. Payroll information is listed below for January, the first month of ATS's fiscal
year. Assume that none of the employees exceeds the federal unemployment tax maximum salary of $ in January.
Salaries expense
Federal and state income tax withheld
Federal unemployment tax rate
Social Security FICA tax rate
Required:
Record salaries expense and payroll tax expense for the January pay period. If no entry is required for a particular transaction,
select No Journal Entry Required" in the first account field.
Journal entry worksheet
Record the employee salary, withholdings, and salaries payable.
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