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Recording Payroll and Payroll Taxes The following information about the payroll for the week ended September 15 was obtained from the records of Simkins Mining

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Recording Payroll and Payroll Taxes The following information about the payroll for the week ended September 15 was obtained from the records of Simkins Mining Co.: Pax-otes assumed: FCA tax, 7.5% of employee annual earnings State unemployment (employer only), 4.2% Federal unemployment (empleyer only), 0.8\% Instructions: 1. For the september 15 payroli, determine the employee ACA tax payable. 2. Illustrate the effect on the accounts and financial statements of paying the September 15 payroll. If no account or activity is affected, select "No effect" from the dropdown list and leave the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts. ccounts and financial statements of paying the September 15 payroll. If no account or activity is affected, select "No effect" from the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts. 4. Wlistrate the elfect on the accounts and financial statements of recording the liability for the September 15 employer payroll taxes. If no account or activity is affected, select "No effect" from the dropdown list and leave the corresponding number entry box blank. Enter aceount decreases and cash outflows as negative amounts

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