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Help Save & Exit Subm Vardy pays its employees on the last day of each month. The payroll information listed below is for January 2021,
Help Save & Exit Subm Vardy pays its employees on the last day of each month. The payroll information listed below is for January 2021, the first month of Vardy's fiscal year 06.02 $102,000 33 000 Salaries Federal income taxes to be withheld Federal unemployment tax rate (FUTA) State unemployment tax rate Social Security tax rate Medicare tax rate 0.80 5.40 6.20 1.45 The journal entry on January 31, 2021 to record monthly payroll will include a debt to payroll tax expense of O O O
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