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This is Edward-verified! 👌 As an employer it is your reponsibilities to do payroll taxes and filing all the required reports. By not doing it, you are putting yourself into costly troubles. Another piece of advice, you need to make sure that you have directors and officers liability insurance. If you don't have it yet, then you need to act now. #EdwardVerified #FinancialLiteracy #Taxes #BusinessOwners #GetUpleveled credit: Marit Burmood - the_extroverted_accountant SF0283 | Edward Collins

This is Edward-verified! 👌 As an employer it is your reponsibilities …

960 viewsDec 18, 2023

FacebookEdward Collins

Calculation and Journal Entry for Employer Payroll Taxes1. Calculate the employer's payroll taxes expense. Round your answer to the nearest cent.2. Prepare the journal entry as of March 12, 20–, assuming that FUTA tax is 0.6%, SUTA tax is5.4%, Social Security tax is 6.2%, and Medicare tax is 1.45%. If required, round your answers to thenearest cent. If an amount box does not require an entry, leave it blank.Earnings for several employees for the week ended March 12, 20–, are as follows:Taxable E

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