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Provide the journal entry to record the payroll tax expense

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Reference no: EM132743786

The payroll register of Heritage Co. indicates $4,200 of social security withheld and $1,050 of Medicare tax withheld on total salaries of $70,000 for the period. Earnings of $12,000 are subject to state and federal unemployment compensation taxes at the federal rate of 0.8% and the state rate of 5.4%.

Problem 1: Provide the journal entry to record the payroll tax expense for the period

Reference no: EM132743786

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