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Business, 20.06.2020 22:57 campbellkruger

Lawrence, an employee of Light, Inc., has gross salary for March of $4,000. The entire amount is under the OASDI limit of $118,500, and thus subject to FICA. His year-to-date pay has already exceeded the $7,000 cap for FUTA and SUTA. Which of the following is a part of the journal entry to record the employer's payroll taxes? A. debit to FICA Taxes Payable
B. debit to Payroll Tax Expense
C. debit to Cash
D. credit to Payroll Tax Expense

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Lawrence, an employee of Light, Inc., has gross salary for March of $4,000. The entire amount is und...
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