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George Company has a monthly gross payroll of $68000, which is subject to unemployment taxes (federal at 0.8% and state at 5. All earnings are...

George Company has a monthly gross payroll of $68000, which is subject to unemployment taxes (federal at 0.8% and state at 5.4%). All earnings are subject to 7.6% FICA tax. Federal income take withholdings are 25%, and state income tax withholdings are 8% of total earnings. The entry to record salary expense includes

This question was asked on May 14, 2010.

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