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In January, gross earnings in Bramble Company totaled $82,000. All earnings are subject to 7.65% FICA taxes, 5.40% state unemployment taxes, and 0.60% federal unemployment taxes. Prepare the entry to record January payroll tax expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places, eg. 5,275.) Date Account Titles and Explanation Jan. 31 eTextbook and Media eTextbook List of Accounts Save for Later Debit Credit Assistance Used Attempts: 0 of 4 used Submit Answer

In January, gross earnings in Bramble Company totaled $82,000. All earnings are subject to 7.65% FICA taxes, 5.40% state unemployment taxes, and 0.60% federal unemployment taxes. Prepare the entry to record January payroll tax expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places, eg. 5,275.) Date Account Titles and Explanation Jan. 31 eTextbook and Media eTextbook List of Accounts Save for Later Debit Credit Assistance Used Attempts: 0 of 4 used Submit Answer

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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In January, gross earnings in Bramble Company totaled $82,000. All earnings are subject to 7.65% FICA taxes, 5.40% state unemployment taxes, and 0.60% federal unemployment taxes. Prepare the entry to record January payroll tax expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to O decimal places, e.g. 5,275.) Date Account Titles and Explanation Jan. 31 eTextbook and Media eTextbook List of Accounts Save for Later Debit Credit Assistance Used Attempts: 0 of 4 used Submit Answer
Transcribed Image Text:In January, gross earnings in Bramble Company totaled $82,000. All earnings are subject to 7.65% FICA taxes, 5.40% state unemployment taxes, and 0.60% federal unemployment taxes. Prepare the entry to record January payroll tax expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to O decimal places, e.g. 5,275.) Date Account Titles and Explanation Jan. 31 eTextbook and Media eTextbook List of Accounts Save for Later Debit Credit Assistance Used Attempts: 0 of 4 used Submit Answer
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