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Complete the following journal entries: 1. Journalize the information from a completed payroll register dated November 15. Gross pay = $41,000.00 Taxable earnings for FUTA/SUTA
Complete the following journal entries: 1. Journalize the information from a completed payroll register dated November 15. Gross pay = $41,000.00 Taxable earnings for FUTA/SUTA = $1,320.00 Taxable earnings for Social Security = $36,000.00 Deductions: FIT = $6,350.00; SIT = $820.00; Social Security = $2,232.00; FICA Medicare = $594.50 2. Journalize the employer's payroll tax expense based on the above information as well as FUTA rate = 0.6%; SUTA rate = 2.7% 1. Journalize the payroll register. (Enter all amounts to the nearest cent. Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Account Titles and Description Debit Credit Nov. 15 Part 2 2. Journalize the employer's payroll tax expense based on the above information as well as: FUTA rate = 0.6%; SUTA rate = 2.7%. (Enter all amounts to the nearest cent. Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Account Titles and Description Debit Credit Nov. 15
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