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Edit : No payroll registers were provided, I assume they want us to use the provided gross pay of $954.05 to compute the General Journal

Edit : No payroll registers were provided, I assume they want us to use the provided gross pay of $954.05 to compute the General Journal entries. image text in transcribed

Required information [The following information applies to the questions displayed below.) Tony Stanford owns Cosmic Comics in Greensboro, North Carolina. Checks will be issued on September 19, 2018. Use the wage bracket method in the federal tax table in Appendix C. Assume 5.499 percent state income tax. No employee has exceeded the Social Security wage base. Total, prove, and rule the entries. (Round your intermediate calculations and final answers to 2 decimal places.) Using the payroll register, complete the General Journal entry for the employer's share of the payroll taxes for the September 14, 2018 pay date. Assume a 5.4 percent SUTA rate and 0.6 percent FUTA rate, and assume that $954.05 of the gross pay is subject to SUTA/FUTA taxes. Employees are paid weekly. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet General Journal Credit No 1 Date Sep 14 Debit 123.07 Payroll taxes expense Social security tax payable Medicare tax payable State unemployment tax payable Federal unemployment tax payable 55.90 13.07 48.69 5.41

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