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What Is Included In Payroll Expense? [Solved]

Payroll expense is the amount of salaries and wages paid to employees in exchange for services rendered by them to a business. The term may also be assumed to include the cost of all related payroll taxes, such as the employer’s matching payments for Medicare and social security.

What are Payroll Expenses

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Payroll Liabilities | Payroll Expense | FICA deductions | Financial Accounting Course CPA exam

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Payroll Expense Journal Entry-How to record payroll expense and withholdings

Note - Total gross earnings are 48896 consisting of four employees with gross earnings of 4062.5, 4424, 5409.5, & 35000.