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Make the journal entry to record accrued payroll taxes

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Question - According to a summary of the payroll of Scotland Company, $450,000 was subject to the 6.0% social security tax and $500,000 was subject to the 1.5% Medicare tax. Federal income tax withheld was $98,000. Also, $15,000 was subject to state (5.4%) and federal (0.8%) unemployment taxes. Make the journal entry to record accrued payroll taxes?

Reference no: EM133156304

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