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Sweeney's Recording Studio Payroll Records Show the Following Information

question 44

Essay

Sweeney's Recording Studio payroll records show the following information: Sweeney's Recording Studio payroll records show the following information:   Assume the following: a) FICA: OASDI, 6.2% on a limit of $128,400; Medicare, 1.45%. b) Each employee contributes $40 per week for union dues. c) State income tax is 5% of gross pay. d) Federal income tax is 20% of gross pay. Prepare a general journal payroll entry: for the payment of the above weekly salary only. Assume the following:
a) FICA: OASDI, 6.2% on a limit of $128,400; Medicare, 1.45%.
b) Each employee contributes $40 per week for union dues.
c) State income tax is 5% of gross pay.
d) Federal income tax is 20% of gross pay.
Prepare a general journal payroll entry: for the payment of the above weekly salary only.


Definitions:

Volume

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Intermediate Filaments

A type of cytoskeletal component in cells, providing structural support and playing a role in cell integrity and tissue cohesion.

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A family of fibrous structural proteins crucial for the formation of the outer layer of human skin, hair, and nails, as well as animal feathers, claws, and hooves.

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