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ABC is paying its employees for the work they have done during September, 2022.Each employee...

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Accounting

ABC is paying its employees for the work they have done during September, 2022.Each employee is paid $5,000 per month and ABC has eight (8) employees. The federal income tax being withheld is 20% for each employee, the state income tax being withheld is 5%, the Social Security being withheld is 6%.
Given this information, what is the total total expense that ABC will recognize associated with this payroll (include both the salary expense and the Social Security expense)?

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