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gowcom ir takeAssignmen takeAssor meta doin oker: assignments&takeAssignment ess on cator assignment take& progress m o Instructions Employer's Payroll Taxes Expense General Journal General Journal
gowcom ir takeAssignmen takeAssor meta doin oker: assignments&takeAssignment ess on cator assignment take& progress m o Instructions Employer's Payroll Taxes Expense General Journal General Journal 2. Prepare the journal entry to record the employer's payroll taxes expense for the week ended June 21 of the current year. Round your answers to Instructions Iculation and Journal Entry for Employer Payroll Taxes Calculate the employer's payroll taxes expense. Round your answer to the earest cent nearest cent. If an amount box does not require an entry, leave it blank. Page: 2. Prepare the journal entry to record the employer's payroll taxes expense for he week ended June 21 of the current year. Round your answers to the nearest ent. If an amount box does not require an entry, leave it blank. ACCOUINT TITILE DOC PAST DERITCREDITI Social Security tax payable NO. REF. 1 20- June 21 ions of the payroll register for Kathy's Cupcakes for the week ended June 21 are shown below. The SUTA tax rate is 5.4%, and the FUTA tax rate is 0.6%, both on the first $7,000 of earnings. The Social Security tax rate is 6.2% on the | first $118,500 of earnings. The Medicare rate is 1.45% on gross earnings. | 3 Kathy's Cupcakes Payroll Register Total Taxable Earnings of All Emplovees Total Earnings Unemployment Compensation Social Security $15,240 $12,700 $15,240
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