Journalize payroll tax Obj. 2 The payroll register of Konrath Co. indicates $13,200 of social security withheld

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Journalize payroll tax Obj. 2 The payroll register of Konrath Co. indicates $13,200 of social security withheld and $3,300 of Medicare tax withheld on total salaries of $220,000 for the period. Earnings of $35,000 are subject to state and federal unemployment compensation taxes at the federal rate of 0.8% and the state rate of 5.4%.

Journalize the entry to record the payroll tax expense for the period.

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Corporate Financial Accounting

ISBN: 9781337398176

15th Edition

Authors: Carl Warren, Jefferson Jones

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