In january gross earnings in gyro company totaled 70000


Question - In January, gross earnings in Gyro Company totaled $70,000. All earnings are subject to 8% FICA taxes, 5.40% state unemployment taxes, and 0.80% federal unemployment taxes.

Prepare the entry to record January payroll tax expense.

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Accounting Basics: In january gross earnings in gyro company totaled 70000
Reference No:- TGS02888792

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