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How do you find the payroll tax expense in the bottom chart? Exercise 10-5 During the month of March, Ivanhoe Company's employees earned wages of

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How do you find the payroll tax expense in the bottom chart?
Exercise 10-5 During the month of March, Ivanhoe Company's employees earned wages of $75,000. Withholdings related to these wages were $5,738 for Social Security (FICA), $8,789 for federal income tax $3,633 for state income tax, and $469 for union dues. The company incurred no cost related to these earnings for federal unemployment tax but incurred $820 for state unemployment tax. Prepare the necessary March 31 yournal entry to record salaries and wages expense and salaries and wages peyable. Assume that wages earned during March will be paid during Apni. (Credlt account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Mar. 31 Salaries and Wages Expense 75,000 5,738 8,789 3,633 469 FICA Taxes Payable Federal Income Taxes Payable State Income Taxes Payable Union Dues Payable Salaries and Wages Payable Prepare the entry to record the company's payroll tax expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Mar. 31 Payroll Tax Expense Debit Credit Version 4.24.10.9

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