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According to a summary of the payroll of Apline Publishing C

    According to a summary of the payroll of Apline Publishing Co., $460,000 wassubject to the 7.5% FICA tax. Also, $39,000 was subject to state and federalunemployment taxes.Calculate the employer’s payroll taxes, usingthe following rates: state unemployment, 4.3%; federal unemployment, 0.8%.   b. Illustrate the effects on the accounts andfinancial statements of recording the accrual of payroll taxes.

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