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Journalize payroll tax The payroll reglater of Heritage Co, indicates $2,532 of social security withheld and $633,00 of Medicare tax withheld on total salaries of
Journalize payroll tax The payroll reglater of Heritage Co, indicates $2,532 of social security withheld and $633,00 of Medicare tax withheld on total salaries of s42,200 for the period Earnings of $12,200 are subject to state and federal unemployment compensation taxes at the federal rate of 0.8% and the state rate of 5.4%. Journalize the entry to record the payroli tax expense for the peniod. If an amount bok does not require an entry, leave it blank, Round your answers to two decimal places. * check My Wirk Hemember that there is typically a maximum amount of eamings subject to state and federal unemployment taxes
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