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nts eBook Print eferences TB Problem Qu. 9-228 (Algo) Payroll-related joural entries A company has one employee. All wages for September are subject to 6.2%
nts eBook Print eferences TB Problem Qu. 9-228 (Algo) Payroll-related joural entries A company has one employee. All wages for September are subject to 6.2% FICA Social Security taxes and 1.45% FICA Medicare taxes. The company's FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 paid to its employee. Gross Pay through August 31 $ 5,700 Prepare the employer's September 30 journal entry to record salary expense and its related payroll liabilities for this employee. Enter answers in the tabs below. Taxes to be Withheld Gross Pay for September $ 1,800 General Journal The employee's federal income taxes withheld by the employer are $70 for this pay period. Compute the taxes to be withheld from gross pay for this employee. Note: Round answers to 2 decimals. Federal income tax Taxes to be Withheld From Gross Pay (Employee-Paid Taxes) September Earnings Subject to Tax Tax Rate
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