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Required: Using the payroll register from Problem 7-1A for White Mountain Assessments, complete the General Journal entry for the employer's share of the payroll taxes
Required: Using the payroll register from Problem 7-1A for White Mountain Assessments, complete the General Journal entry for the employer's share of the payroll taxes for the September 9 payroll end date. Assume 5.4 percent SUTA and 0.6 percent FUTA tax rates and that $3,542,50 is subject to FUTA and SUTA taxes. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the employer's share of the payroll taxes for the September 9 payroll end date. Note: Enter debits before credits. Journal entry worksheet Record the employer's share of the payroll taxes for the September 9 payroll end date. Note: Enter debits before credits. Required: Using the payroll register from Problem 7-1A for White Mountain Assessments, complete the General Journal entry for the employer's share of the payroll taxes for the September 9 payroll end date. Assume 5.4 percent SUTA and 0.6 percent FUTA tax rates and that $3,542,50 is subject to FUTA and SUTA taxes. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the employer's share of the payroll taxes for the September 9 payroll end date. Note: Enter debits before credits. Journal entry worksheet Record the employer's share of the payroll taxes for the September 9 payroll end date. Note: Enter debits before credits
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