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Prepare the journal entries to record the wages earned

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Question - Great Dane Casinos has the following data available for its December 31, 2019, payroll:

Gross pay $180,000

Federal income taxes withheld 43,200

Gross pay is subject to FICA. A federal unemployment tax is also applicable at 0.8% of gross pay.

Prepare the 2019 journal entries to record the wages earned and payroll taxes:

1) Journal entry to record the employee portion of payroll taxes;

2) Journal entry to record the employer portion of payroll taxes; and

3) Journal entry to record the payment of all payroll liabilities. A correct answer should include 3 separate journal entries.

Reference no: EM132616448

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