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Complete the Journal Entries AND General Ledger accounts for the February and March biweekly pay periods
, assuming benefits went into effect as anticipated. Use the Wage Bracket Method Tables for Income Tax Withholding in Appendix C. Complete the General Journal entries as follows:
February 10
Journalize the employee pay.
Journalize the employer payroll tax for the February 10 pay period. Use 5.4 percent SUTA and 0.6 percent FUTA. No employees will exceed the FUTA or SUTA wage base.
February 13
Issue the employee pay.
February 24
Journalize the employer payroll tax for the February 24 pay period. Use 5.4 percent SUTA and 0.6 percent FUTA. No employee will exceed the FUTA or SUTA wage base.page 343
February 27
March 10
Journalize employee pay.
Journalize employer payroll tax for the March 10 pay period. Use 5.4% SUTA and 0.6% FUTA. No employees will exceed the FUTA or SUTA wage base.
March 14
Issue employee pay.
March 24
Journalize employer payroll tax for the March 24 pay period. Use 5.4% SUTA and 0.6% FUTA. No employees will exceed FUTA or SUTA wage base.
March 28
Attachment 4
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