Compute the employer payroll tax expense

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Reference no: EM133036072

Question - In March, the gross earnings of a Real Estate Company totaled $230,000. All earnings are subject to Taxes, 5.4% unemployment taxes, and 0.8% social security.

Required -

(a) Compute the employer's payroll tax expense.

(b) Prepare the entry to record payroll taxes.

Reference no: EM133036072

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