Cornerstone Exercise 8-28 Payroll Taxes During October, Seger Insurance employees earned $100,000 in wages. The employer's...
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Cornerstone Exercise 8-28 Payroll Taxes During October, Seger Insurance employees earned $100,000 in wages. The employer's share of Canada Pension Plan contributions was $3,000 and employer Employment Insurance premiums were $1,400. Required: Prepare the necessary journal entry for Seger to record the employer portion of these payroll taxes. For those boxes in which no entry is required, leave the box blank. (Record employer payroll taxes) Cornerstone Exercise 8-28 Payroll Taxes During October, Seger Insurance employees earned $100,000 in wages. The employer's share of Canada Pension Plan contributions was $3,000 and employer Employment Insurance premiums were $1,400. Required: Prepare the necessary journal entry for Seger to record the employer portion of these payroll taxes. For those boxes in which no entry is required, leave the box blank. (Record employer payroll taxes)
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