LO 7-2, 7-3 KMH Industries is a monthly schedule depositor of payroll taxes. For the month of

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LO 7-2, 7-3 KMH Industries is a monthly schedule depositor of payroll taxes. For the month of August 2023, the payroll taxes (employee and employer share combined) were as follows:

Social Security tax: $3,252.28 Medicare tax: $760.61 Employee federal income tax: $2,520.00 Create the General Journal entry for the remittance of the taxes. The entry should be dated September 13, 2023. Use check 2052 in the description.

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Payroll Accounting 2024

ISBN: 9781266832352

10th International Edition

Authors: Jeanette Landin, Paulette Schirmer

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