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Business, 18.02.2021 22:30 kelseydavid69
Cal Ruther, an employer, is subject to FICA taxes but exempt from FUTA and SUTA taxes. During the last quarter of the year, his employees earned monthly wages of $8,500, all of which is taxable. The amount of federal income taxes withheld each month is $1,040. Journalize the payment of wages, and record the payroll tax on November 29.
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Cal Ruther, an employer, is subject to FICA taxes but exempt from FUTA and SUTA taxes. During the la...
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