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Payroll Accounting Reed Enterprises has the following data available for its April 30 payroll: AE subject I Social 5ecurity and Medicare matching and wetholding of
Payroll Accounting Reed Enterprises has the following data available for its April 30 payroll: "AE subject I Social 5ecurity and Medicare matching and wetholding of 6.24 and 3.45 h, respectevely Federal unemployment taxes of 0.75% and state unemployment taxes of 0.80% are payable on $290,000 of the wages earned. Required: When required, round your answers to the nearest cent. 1. Compute the amounts of taxes payable and the amount of wages that will be paid to employees. Presare the joumal entries to record the wages earned and the payroi taxes. If an amount bex does net require an ertry, lecre it blank: Apr, 30 (Record wages and liabiltes) Apt, 30 (Hecord employer peyredi tases)
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