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ACCT 110 Text ECON 101 Minda MATH 137 Text & ECON 101 into timate review sand Problems Question 2 of 5 - 111 View Policies

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ACCT 110 Text ECON 101 Minda MATH 137 Text & ECON 101 into timate review sand Problems Question 2 of 5 - 111 View Policies Current Attempt in Progress According to a payroll register summary of Oriole Company, the amount of employees' gross pay in December was $935,000, of which $96,000 was not subject to Social Security taxes of 6.2% and $850,000 was not subject to state and federal unemployment taxes. Determine the employer's payroll tax expense for the month, using the following rates: FICA 7.65% (the 7.65% FICA tax rate consists of the Social Security tax rate of 6.2% on salaries and wages up to $128,400 and the Medicare tax rate of 1.45% on all salaries and wages), state unemployment 5.4%, and federal unemployment 0.6%. (Round answer to decimal places, eg. 125.) Payroll tax expense $ es and Problems -/11 Question 2 of 5 LIST OF Accounts Prepare the journal entry to record December payroll tax expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to decimal places, eg,5,275.) Account Titles and Explanation Debit Credit Taythan and More

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