Question

According to a summary of the payroll of scotland company, $450,000 was subject to the 7.0% social security tax and $500,000 was subject to the 1.5% medicare tax. federal income tax withheld was $98,000. also, $15,000 was subject to state (4.2%) and federal (0.8%) unemployment taxes. the journal entry to record accrued salaries would include:

Answer 1

Answer:

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