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Homework answers / question archive / The following information pertains to a weekly payroll of Texera Tile Company:   a

The following information pertains to a weekly payroll of Texera Tile Company:   a

Accounting

The following information pertains to a weekly payroll of Texera Tile Company:

 

a. The total wages earned by employees are $17,210.

b. The state unemployment insurance contribution rate is 3.5%.

c. The entire amount of wages is taxable under FICA, FUTA, and SUTA.

d. The amount withheld from the employees' wages for federal income taxes is $1,890; for state income taxes, $369.40; and for group insurance, $193.00.

 

Journalize the payment of wages, and record the payroll taxes for this payroll.

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