KMH Industries is a monthly schedule depositor of payroll taxes. For the month of August 2022, the

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KMH Industries is a monthly schedule depositor of payroll taxes. For the month of August 2022, 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 14, 2022. Use check 2052 in the description.

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Payroll Accounting 2023

ISBN: 9781264415618

9th Edition

Authors: Jeanette M. Landin, Paulette Schirmer

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Question Posted: Feb 17, 2023 12:45 AM

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KMH Industries is a monthly schedule depositor of payroll taxes. For the month of August 2022, the

Question:

1 2 3 45 6 88 7 Date Description Post Ref. Debit Credit 1 2 3 4 56780

Step by Step Answer:

ANSWER Debit Credit Cash 653389 Payroll Tax Expense 32522...View the full answer

Payroll Accounting 2023

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