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on employee and employer on a maximum of $113,700. In
addition, 1.45% is charged both employer and employee for an
employees wages in excess of $113,700 per employee.
(a) Complete the payroll sheet and make the necessary entry to
record the payment of the payroll
(b) Make the entry to record the payroll tax expenses of Otis
Import Company.
(c) Make the entry to record the payment of the payroll liabilities
created. Assume that the company pays all payroll liabilities at
the end of each month.
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ACC 537 Week 4 Assignment Leases
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Write a 700- to 1,050-word summary discussing the points listed
below
Identify the two recognized lease-accounting methods for lessees
and distinguish between them.
Distinguish between minimum rental payments and minimum
lease Payments
Distinction between a direct-financing lease and a sales-type lease
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