Using the employer payroll entry from P7-4A, post the employees share of the Social Security and Medicare
Question:
Using the employer payroll entry from P7-4A, post the employees’ share of the Social Security and Medicare taxes along with the employer’s share of payroll taxes for September 9 pay at White Mountain Assessments to the appropriate General Ledger accounts.
Account: Social Security Tax Payable
Account: Medicare Tax Payable
Account: Federal Unemployment Tax Payable
Account: State Unemployment Tax Payable
Account: Payroll Taxes Expense
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Related Book For
Payroll Accounting 2023
ISBN: 9781264415618
9th Edition
Authors: Jeanette M. Landin, Paulette Schirmer
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