Question
Bozo Corp. has the following payroll deductions for each employee. (10 pts) Payroll Tax 15.0% FICA 7.65% FUTA 0.80% SUTA 2.50% Pension contribution 3.00% They
- Bozo Corp. has the following payroll deductions for each employee. (10 pts)
Payroll Tax 15.0%
FICA 7.65%
FUTA 0.80%
SUTA 2.50%
Pension contribution 3.00%
They calculate the payroll information on the last day of the pay period which is Friday and issue paychecks the following Friday. If their payroll totals $8,500, what is the journal entry to record the payroll on the last day or the pay period.
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Using Microsoft Excel and Access 2016 for Accounting
Authors: Glenn Owen
5th edition
1337109048, 1337109045, 1337342149, 9781337342148 , 978-1337109048
