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The payroll records of a company provided the following data for the weekly pay period ended December 7: The FICA social security tax rate is 6.2% on the first $118,500 of earnings each calendar year and the FICA Medicare tax rate is 1.45% on all earnings. The federal and state unemployment tax rates are 0.8% and 5.4%, respectively, on the first $7,000 paid to each employee. Prepare the journal entries to (a) accrue the payroll and (b) record payroll taxes expense.
Right from wrong
The moral ability or capacity to distinguish ethical actions from unethical ones.
Self-efficacy
An individual's belief in their own ability to complete tasks and achieve goals.
Cognitive appraisal
The process of interpreting and evaluating an event or situation that leads to an emotional response.
Relaxation
A state of reduced tension, stress, and mental and physical calm.
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