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2 Salaries expense Federal and state income tax withheld Federal unemployment tax rateSocial Security ( FICA ) tax rate 0 . 8 0 % 5

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Salaries expense
Federal and state income tax withheld Federal unemployment tax rateSocial Security (FICA) tax rate0.80%5.40%7.65%2polntsRequired:Record salaries expense and payroll tax expense for the January pay period. (If no entry is required for a particular trans: select "No Journal Entry Required" in the first account field.)eBookHintJournal entry worksheet
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Note: Enter debits before credits.
\table[[Date,General Journal,Debit,Credit],[January 31,Salaries Expense,410,000,],[,Employee Income Tax Payable,,82,000],[,,,31,365],[,,,],[,,,],[,,,]]
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