Art Parrish, the sole employee of Parrish Sales, has gross salary for March of $4,000. The entire amount is under the OASDI limit of $106,800, and thus subject to FICA. His year-to-date pay has already exceeded the $7,000 cap for FUTA and SUTA. Please provide the fourth journal entry in the payroll cycle to record the employer's payroll taxes.
Definitions:
One-way ANOVA
A statistical method for evaluating if there's a notable difference between the averages of three or more separate groups.
F-ratio
A statistic used in ANOVA tests that compares the variance between group means to the variance within groups, indicating if any statistically significant differences exist.
Critical Value
A value on the test statistic scale exceeding which leads to the rejection of the null hypothesis.
One-way ANOVA
A statistical test that compares the means of three or more independent groups to determine if there is a significant difference among them.
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