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LO2. How do companies account for and record payroll? List some of the common withholdings deducted from the employee's pay: a) iv) b) Journalize the

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LO2. How do companies account for and record payroll? List some of the common withholdings deducted from the employee's pay: a) iv) b) Journalize the employer payroll taxes assuming that the FICA-OASDI Taxes is $400, FICA- Medicare Taxes is $100, Federal Unemployment Taxes is $10, and State Unemployment Taxes is $25 Debit Credit ccounts and Explanation ate

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