Recording Payroll Taxes According to a summary of the payroll of PJW Co , $90,000 in earnings were subject to the 7 5 FICA tax Also, $30,000 in earnings were subject to state and federal unemployment taxes a Calculate the employer's payroll taxes, using the following rates state unemployment, 2 7 federal unemployment, 0 8 b Illustrate the effects on the accounts and financial statements of recording the accrual of 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 account decreases and cash outflows as negative amounts Balance Sheet Assets Liabilities Stockholders Equity Statement of Cash Flows Income Statement

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Recording Payroll Taxes According to a summary of the payroll of PJW Co , $90,000 in earnings were subject to the 7 5  FICA tax  Also, $30,000 in earnings were subject to state and federal unemployment taxes  a  Calculate the employer's payroll taxes, using the following rates  state unemployment, 2 7   federal unemployment, 0 8   b  Illustrate the effects on the accounts and financial statements of recording the accrual of 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 account decreases and cash outflows as negative amounts  Balance Sheet Assets Liabilities   Stockholders Equity Statement of Cash Flows Income Statement

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Recording Payroll Taxes According to a summary of the payroll of PJW Co., $90,000 in earnings were subject to the 7.5% FICA tax. Also, $30,000

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