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QUESTION
and Mrs. Bernard collect their salary throughout the year. They're paid one week in arrears.
Mr. and Mrs. Bernard collect their salary throughout the year. They're paid one week in arrears. Their gross payroll for a week is $3,942, and the employer portion of tax associated with the accrual is 15 percent. You'll need to make an adjusting entry to record the one week of salary and tax expense.
