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Walking Boots Company is a monthly depositor whose December federal...
Walking Boots Company is a monthly depositor whose December federal taxes are displayed below. Record one journal entry to account for the payment of federal taxes. All tax payments are made in a timely manner on the payment due date (which, for this month, is not impacted by a weekend or holiday).
December Tax Totals
Federal Income Tax$604
Employee's Social Security Tax$575
Employee's Medicare Tax$178
Employer's Social Security Tax$575
Employer's Medicare Tax$178