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

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LO 7-2, 7-3 Legends Leadworks is a monthly schedule depositor of payroll taxes. For the month of April 2023, the payroll taxes (employee and employer share)

were as follows:

Social Security tax: $5,386.56 Medicare tax: $1,259.76 Employee federal income tax: $4,978.00 Create the General Journal entry for the remittance of the taxes on May 13, 2023. Use check 1320 in the description.

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Payroll Accounting 2024

ISBN: 9781266832352

10th International Edition

Authors: Jeanette Landin, Paulette Schirmer

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