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- Cal Ruther, an employer, is subject to FICA taxes but exempt from FUTA and SUTA taxes. Dur
Cal Ruther, an employer, is subject to FICA taxes but exempt from FUTA and SUTA taxes. Dur
Question Description
Cal Ruther,
an employer, is subject to FICA taxes but exempt from FUTA and SUTA
taxes. During the last quarter of the year, his employees earned monthly
wages of $8,500, all of which is taxable. The amount of federal income
taxes withheld each month is $1,040. Journalize the payment of wages,
and record the payroll tax on November 30.
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