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HW Problem 9.1 - Vicki Company's employees earned wages totaling $60,000 in August. Federal taxes withheld were 10,000, state taxes $5,000 and Social Security &

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HW Problem 9.1 - Vicki Company's employees earned wages totaling $60,000 in August. Federal taxes withheld were 10,000, state taxes $5,000 and Social Security & Medicare were withheld at 6.2% and 1.45%. Vicki's FUTA taxes for the period were $80 and SUTA taxes were $320. Record the journal entries for August 31" if wages will be paid September 5th

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