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Find salaries payable would be recorded for a

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Reference no: EM132679944

Assuming no employees are subject to ceilings for their earnings, Moore Company has the following information for the pay period of December 15 - 31, 2020.

Gross payroll $18,000

Social security rate 6%

Medicare rate 1.5%

Federal income tax withheld $4,000

Federal unemployment tax rate 0 .8%

State unemployment tax rate 5.4%

Problem 1: Salaries Payable would be recorded for a.

A. $11,534

B. $12,650

C.$12,950

D. $18,000

Reference no: EM132679944

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