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The salaries of employees for January,2020 amounted to 200,000, the payroll deductions as follows: 10,000...

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Accounting

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The salaries of employees for January,2020 amounted to 200,000, the payroll deductions as follows: 10,000 income taxes , 14,500 health insurance and 5% social security contribution.in addition it has a saving fund system with a rate of 10% of the salary, 5% of the employee's .salary and 5% of the company prepare the journal entry for the payment of . January salary

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