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oblems-Chapters 8-10 i 26 Saved A company has one employee. All wages for September are subject to 6.2% FICA Social Security taxes and 1.45%
oblems-Chapters 8-10 i 26 Saved 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 Gross Pay for September 31 $ 6,400 $ 800 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 General Journal The employee's federal income taxes withheld by the employer are $80 for this pay period. Compute the taxes to be withheld from gross pay for this employee. Note: Round answers to 2 decimals. Taxes to be withheld From Gross Pay (Employee-Paid Taxes) Federal income tax September Earnings Subject to Tax Tax Rate Tax Amount $ 80.00 Taxes in be withheld General Journal > Help 53:00 View transaction list Journal entry worksheet < 1 Record the employer's September 30 journal entry to record accrued salary expense and its related payroll liabilities for this employee. Note: Enter debits before credits. Date September 30 General Journal Debit Credit + Record entry Clear entry View general journal
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