Calcount pays a weekly payroll of 85000 that includes, Ask an Expert

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CalCount pays a weekly payroll of $85,000 that includes federal taxes withheld of $12,700, FICA taxes withheld of $7,890, and 401(k) withholdings of $9,000. What is the effect of assets and liabilities from this transaction?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M975305

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