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i need help on how to journalize payroll taxes and journalize period payroll? here is the problem I stuck on: The payroll register of Longboat
i need help on how to journalize payroll taxes and journalize period payroll? here is the problem I stuck on: The payroll register of Longboat Co. indicates $5400 of social security withheld and $1350 of medicare tax withheld on total salaries of $90,000 for the period. Earnings of $10,000 are subject to state and federal unemployment compensation taxes at the federal rate of 0.8%and the state rate of 5.4%. Provide the journal entry to record the payroll tax expense for the period.
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