Prepare the journal entry to record the employers payroll

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Problem

Recording employer payroll taxes LO P3 During the month of January, an employer incurred the following payroll taxes: FICA Social Security taxes of $328.60, FICA Medicare taxes of $76.85, FUTA taxes of $31.80, and SUTA taxes of $286.20. Prepare the journal entry to record the employer's payroll tax expense assuming these wages will be paid in early February. Get the instant assignment help. Record employer payroll tax expense.

Reference no: EM133921736

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