The journal entry to record the accrued salaries

Reference no: EM131126709

accounting to a summary of the payroll of Scotland company, $500,000 was subject to the 6.0% social security tax and to the 1.5% medicare tax. federal income tax withheld was $98,000. also, $15,000 was subject to state (4.2%) and federal(0.8%) unemployment taxes. The journal entry to record the accrued salaries would include a.

Reference no: EM131126709

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