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What amount should be reported as payroll tax liability

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Question - GHI Company reported payroll lor the month of January 2022 as follows:

Total wages 400,000

Income tax withheld 45,000

All wages paid were subject to SSS, The SSS rates were 5'% each for employee and employer. GHI remits payroll taxes on the 15th of the following month. In the financial statements for the month ended January 31, 2022, what amount should be reported as payroll tax liability?

Reference no: EM133140160

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