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Calculation and Journal Entry for Employer Payroll Taxes Earnings for several employees for the week ended March 12; 20, are as follows: 1. Caleulate the
Calculation and Journal Entry for Employer Payroll Taxes Earnings for several employees for the week ended March 12; 20, are as follows: 1. Caleulate the employer's payroli taxes expense for the week ended March 12,20, assuming that FUTA tax is 0.6%, SUTA tax is 5.496,50 ial Security tax is 6 and Medicare tax is 1.45%. Total the earnings columns and then use the appropriate total company eamings and rates to calculate the employer payroll taxes expense- 2. Prepare the journal entry as of March 12,20. Page: r checa My Won Use the arnounts calculated in mequirement 1 and record the payroll taxos expenso and relafed latilitiel
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