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11 01:35:55 A company has 10 employees, each of whom earns $1,700 per month and has been employed since January 1. All wages for
11 01:35:55 A company has 10 employees, each of whom earns $1,700 per month and has been employed since January 1. All wages for this period are subject to 6.2% FICA Social Security taxes and 1.45% FICA Medicare taxes. FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 paid to each employee. Prepare the February 28 journal entry to record the February payroll taxes expense. Note: Round your answers to 2 decimal places. View transaction list Journal entry worksheet < 1 Record employer payroll taxes. Note: Enter debits before credits. Date February 28 General Journal Debit Credit
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