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Journal Entries for Payment of Empioyer Payroll Taxes: Angel Ruiz owns a business called Ruiz Construction Co. He does his benking at Citizens National Bank

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Journal Entries for Payment of Empioyer Payroll Taxes: Angel Ruiz owns a business called Ruiz Construction Co. He does his benking at Citizens National Bank in Portianp, Oregon. The amounts in his general ledger for payrol taxes and the employees' withbolding of Social Security, Medicare, and federal incorne tax payable as of April 15 of the current year are as follaws: Sodal Security tax payable (includes both employer and employee) $11,250 Medicare tax payable (undudes both employer and employec) 2,625 Fura tax payabie 520 SUTA tax' payobie 4,230 Emplayee income tax payable 5,060 taxes on Apri 30,20 Joumalize the quarterly payment of the employee federal income taxes and Sociol Security and Medicare taxes on April 15, 20-5, and the payments of the FuTA and S. taxes on April 30, 20 * . Page: DATE ACCOUNT THLE 1. Apr. 15 Emplowe federal income Tax Payable v 2. 3 4 5. Deposit of employee federal income tax and Social Security and Medicare taxes 6. 730 B. e 10 1130 12 DOC. POST. No. REF, DEBIT CREDIT 6. Pald Furt tox

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