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March 4. Below the payroll register is relevant information for calculating employer taxes. Payday is March 4. Use the following tax rates:; Journalize: OASDI: 6.20%

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March 4. Below the payroll register is relevant information for calculating employer taxes. Payday is March 4. Use the following tax rates:; Journalize: OASDI: 6.20% (1) the March 4 payroll, HI: 1.45% (2) the March 4 employer's payroll tax expense FUTA: .6% (3) the March 7 deposit of federal taxes to the US Treasury (federal taxes are FIT, OASDI, HI). Assume FIT, OASDI, SUTA: 3.5% and HI had been deposited prior to the March 4 payroll. Use your textbook's account titles, but if it's an expense, add the word "expense" to the account title, and if it's a liability, add the word "payable" to the account title. That's to ensure your journal entries are clear for grading purposes, and I can assess your understanding of account classificaiton. If your account titles don't indicate the account's classification, I can't fully grade your work, and will return your submission to you to update it. When calculating employer taxes, round each amount to the nearest cent using standard rounding rules (described and used in your book). You should have three journal entries. No more, no less. Each journal entry should be appropriately dated. Darma Fine Foods Payroll Register When calculating employer taxes, round each amount to the nearest cent using standard rounding rules (described and used in your book). You should have three journal entries. No more, no less. Each journal entry should be appropriately dated. Darma Fine Foods Payroll Register For the period ending March 4 *Not all employees elect to pay union dues. A SIMPLE plan is a retirement plan. See chapter 4. March 4. Below the payroll register is relevant information for calculating employer taxes. Payday is March 4. Use the following tax rates:; Journalize: OASDI: 6.20% (1) the March 4 payroll, HI: 1.45% (2) the March 4 employer's payroll tax expense FUTA: .6% (3) the March 7 deposit of federal taxes to the US Treasury (federal taxes are FIT, OASDI, HI). Assume FIT, OASDI, SUTA: 3.5% and HI had been deposited prior to the March 4 payroll. Use your textbook's account titles, but if it's an expense, add the word "expense" to the account title, and if it's a liability, add the word "payable" to the account title. That's to ensure your journal entries are clear for grading purposes, and I can assess your understanding of account classificaiton. If your account titles don't indicate the account's classification, I can't fully grade your work, and will return your submission to you to update it. When calculating employer taxes, round each amount to the nearest cent using standard rounding rules (described and used in your book). You should have three journal entries. No more, no less. Each journal entry should be appropriately dated. Darma Fine Foods Payroll Register When calculating employer taxes, round each amount to the nearest cent using standard rounding rules (described and used in your book). You should have three journal entries. No more, no less. Each journal entry should be appropriately dated. Darma Fine Foods Payroll Register For the period ending March 4 *Not all employees elect to pay union dues. A SIMPLE plan is a retirement plan. See chapter 4

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