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Current Attempt in Progress Assume the following data for Sheridan Home Appliance Repair for the payroll quarter ended March 31 Gross earnings Employee FICA taxes

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Current Attempt in Progress Assume the following data for Sheridan Home Appliance Repair for the payroll quarter ended March 31 Gross earnings Employee FICA taxes Federal income tax State income tax Number of employees this quarter $276,000.00 21,114.00 55,200.00 5,519.00 30 . Sheridanis subject to the following rates:FICA 7.65% (the 7.65% FICA taxrate consists of the Social Security tax rate of 6.2% on salaries and wages up to $128.400 and the Medicare tax rate of 1.45% on all salaries and wages), state unemployment 5.4% up to $7.000 and federal unemployment 0.6% up to $7000. No employee reached the limit for FICA taxes, and all employees reached the Simit for unemployment taxes in the first quarter. Prepare the journal entry to record payment of employer taxes, assuming all taxes were paid on April 15. (Ordir accounts are automatically indented when amount is entered. Do not Indent manual) Date Account Titles and Explanation Debit Credit Apr 15 Textbook and Media acer O O # $ %

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