Prepare journal entry to record payroll taxes for January 31^st for Metro Express. Refer back to…

Prepare journal entry to record payroll taxes for January 31^st for Metro Express. Refer back to problem 10, you are the employer Metro Express. You also have payroll taxes to pay for your employees that include FICA taxes, FUTA taxes 0.8% of the first $7,000 paid to each employee, SUTA taxes of 4.0% of the first $7 000 paid to each employee.

 

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