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Recording Payroll and Payroll Taxes The following data are taken from jefferson Distribution Company's March payroll Administrative salaries Sales salaries Custodial salaries Total payroll Salaries

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Recording Payroll and Payroll Taxes The following data are taken from jefferson Distribution Company's March payroll Administrative salaries Sales salaries Custodial salaries Total payroll Salaries subject to FICA tax (6.2 percent+1.45 percent) $128,800 Salaries subject to federall unemployment taxes Salaries subject to state unemployment taxes Federal income taxes withheld from all salaries $40,600 77,000 11,200 $128,800 5,200 106,400 26,040 Assurhe that the company is subject to a 5.4 percent state unemployment tax and an 0.6 percent federal unemployment tax. Required Record the following in general journal form on March 31: a. Accrual of the monthly payroll. b. Payment of the net payroll. C.Accrual of the employer's payroll taxes d. Payment of these payroll-related liabilities. (Assume that all are settled at the same time.) Round your answers to the nearest dollar. General Journal Type here to search

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