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How to Journal Gross wages -300,000 wages subject to social security tax-270,000...

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Accounting

How to Journal
Gross wages -300,000
wages subject to social security tax-270,000
Wages subject to federal and state unemployment taxes-38,000
Tax Rates :
Social security-6%
Medicare -1.5%
State unemployment -5.4%
Federal unemployment -.8%
Total amount withheld from wages from federal taxes -60,000
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