Using the Information Provided Below, Prepare a Journal Entry to Record

question 46

Essay

Using the information provided below, prepare a journal entry to record the payroll tax expense for Mr. B's Carpentry. Assume:
FICA tax rates are: OASDI 6.2% on a limit of $128,400 and Medicare 1.45%.
State unemployment tax rate is 2% on the first $7,000.
Federal unemployment tax rate is 0.8% on the first $7,000.

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Definitions:

Perceived

Regarded, understood, or interpreted in a certain way by an individual, based on their personal understanding and interpretation.

Violent Behavior

Actions that involve force or aggression towards others, causing physical or emotional harm.

Aggressive Behavior

Actions intended to cause harm or pain to another person, often as a response to perceived threats or frustration.

Video Games

Electronic games played on a computer or a specially designed gaming console, involving interaction with a user interface to generate visual feedback.