Question
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
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 $1,900 Prepare the employer's September 30 journal entry to record the employer's payroll taxes expense and its related liabilities. Answer is not complete. Enter answers in the tabs below. Payroll Taxes Expense General Journal Prepare the employer's September 30 journal entry to record the employer's payroll taxes expense and its related lia Note: Round answers to 2 decimals. No General Jour Debit Credit 1 Septe 30 Salaries expense x 1,900.00
A company has one employee. All wages for September are subject to 6.2% FICA Social Security taxes and 1.45\% FICA Medica taxes. The company's FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 paid to its employee. Prepare the employer's September 30 journal entry to record the employer's payroll taxes expense and its related liabilities. Answer is not complete. Enter answers in the tabs below. Prepare the employer's September 30 journal entry to record the employer's payroll taxes expense and its related liabilities. Note: Round answers to 2 decimals
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