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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 Social 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 Social Security taxes of \$297.60, FiCA Medicare taxes of $69.60, FUTA taxes of $28.80, and SUTA taxes of $259.20. Prepare the journal entry to record the employer's payroll tax expense assuming these wages will be paid in early February. Note: Round your answers to 2 decimal places. Journal entry worksheet
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