The following information was taken from CMU's payroll ending on 2/15/2020: What will be the...
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Accounting
The following information was taken from CMU's payroll ending on 2/15/2020: What will be the amount to record the Salaries and Wages Expense?
Salaries- $500,000
Wages- $350,000
Federal Income Taxes- $150,000
State Unemployment Taxes- $20,000
FICA Taxes Withheld- $65,025
Blue Cross/Blue Shield- $25,000
State Income Taxes- $85,000
Federal Unemployment Taxes- $5,000
a $850,000
b $1,000,000
c $524,975
d $499,975
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