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3 03 01:56:31 A company has one employee. All wages for September are subject to 6.2% FICA Social Security taxes and 1.45% FICA Medicare
3 03 01:56:31 A company has one employee. All wages for September are subject to 6.2% FICA Social Security taxes and 1.45% FICA Medicare taxes. The company's FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 paid to its employee. Gross Pay through August Gross Pay for September 31 $ 6,400 $ 800 Prepare the employer's September 30 journal entry to record the employer's payroll taxes expense and its related liabilities. Enter answers in the tabs below. Payroll Taxes General Expense Journal Compute the payroll taxes expense. Note: Round answers to 2 decimals. Employer Payroll taxes September earnings subject to tax Tax Rate Tax Amount 1. Papal Terms Experes $ General Journal > 0.00 View transaction list Journal entry worksheet < 1 Record the employer's September 30 payroll taxes expense and its related liabilities. Note: Enter debits before credits. Date September 30 General Journal Debit Credit View general journal Record entry Clear entry A company has one employee. All wages for September are subject to 6.2% FICA Social Security taxes and 1.45% FICA Medicare taxes. The company's FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 paid to its employee. Gross Pay through August Gross Pay for September 31 $ 6,400 $ 800 Prepare the employer's September 30 journal entry to record the employer's payroll taxes expense and its related liabilities. Enter answers in the tabs below.
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