February 26 The company paid cash to Lyn Addie for eight days' work at $120...
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Accounting
February The company paid cash to Lyn Addie for eight days' work at $ per day.
March The company sold merchandise with a $ cost for $ on credit to Wildcat Services, invoice dated March
Assume that Lyn Addie is an unmarried employee. Her $ of wages have deductions for FICA Social Security taxes, FICA Medicare taxes, and federal income taxes. Her federal income taxes for this pay period total $ Compute her net pay for the eight days' work paid on February
Record the journal entry to reflect the payroll payment to Lyn Addie as computed in part
Record the journal entry to reflect the employer payroll tax expenses for the February payroll payment. Assume Lyn Addie has not met earnings limits for FUTA and SUTA the FUTA rate is and the SUTA rate is for the company
Record the entries for the merchandise sold on March if a sales tax rate applies.
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