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9.10 The payroll register of Seaside Architecture Company indicates $880 of social security and $215 of Medicare tax withheld on total salaries of $15,400 for
9.10
The payroll register of Seaside Architecture Company indicates $880 of social security and $215 of Medicare tax withheld on total salaries of $15,400 for the period. Assume earnings subject to state and federal unemployment compensation taxes are $5,000 at the federal rate of 0.8% and state rate of 5.4%. Prepare the journal entry to record the payroll tax expense for the period. If an amount box does not require an entry, leave it blank. If required, round your answers to two decimal places. If $1,038,000 of 12% bonds are issued at 102 1/2, The amount of cash received from the sale is Oa. $778,500 Ob. $1,162,560 Oc. $1,038,000 Od. $1,063,950 Step by Step Solution
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