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QS 9-9 (Algo) Recording employer payroll taxes LO P3 During the month of January, an employer Incurred the following payroll taxes: FICA Soclal Security taxes
QS 9-9 (Algo) Recording employer payroll taxes LO P3 During the month of January, an employer Incurred the following payroll taxes: FICA Soclal Security taxes of $260.40, FICA Medicare taxes of $60.90, FUTA taxes of $25.20, and SUTA taxes of $226.80. Prepare the Journal entry to record the employer's payroll tax expense assuming these wages will be pald in early February. (Round your answers to 2 decimal places.) Journal entry worksheet Record employer payroll tax expense. Note: Enter debits before credits
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