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Addidas paid payroll taxes from #1 above. (Addidas Co. had total payroll of $40,000 for the week ending March 5. The FICA rate is 7.65%,
Addidas paid payroll taxes from #1 above. (Addidas Co. had total payroll of $40,000 for the week ending March 5. The FICA rate is 7.65%, federal unemployment tax is 5.4% and state unemployment rate is .8%. **Assume total payroll is subject to federal and state unemployment taxes. Journalize Addidas Co.s payroll tax expenses.)
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