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Total Payroll for a Given Week Is $17,000

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Total payroll for a given week is $17,000. If 70 percent of the company's employees typically qualify to receive two weeks' paid vacation per year (50 weeks), the entry to record estimated liability for vacation pay for the week is Total payroll for a given week is $17,000. If 70 percent of the company's employees typically qualify to receive two weeks' paid vacation per year (50 weeks), the entry to record estimated liability for vacation pay for the week is

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