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20. Golden Company pays two employees monthly Tax rates Social Security tax Medicare tax Federal unemployment tax rate State unemployment tax rate 6.2% 1.45% 0.8%

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20. Golden Company pays two employees monthly Tax rates Social Security tax Medicare tax Federal unemployment tax rate State unemployment tax rate 6.2% 1.45% 0.8% 5.4% of gross pay of gross pay of gross pay of gross pay Ann Ng Monthly Gross pay $3,910.00 $5,240.00 Federal Income tax $604.00 $737.00 State Income tax $60.70 $81.30 Mo Jo 6/30 Golden Company records the journal entry for the month's payroll withholding. Account Debit Credit Date 6/30

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