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thanks 13. The following data are taken from Duncan Wayneright Corporation's monthly payroll for August 2019: Administrative salaries $48,000 Sales salaries 96,000 Total payroll $144,000
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13. The following data are taken from Duncan Wayneright Corporation's monthly payroll for August 2019: Administrative salaries $48,000 Sales salaries 96,000 Total payroll $144,000 Wages subject to FICA taxes (6.2% + 1.45%) $144,000 Wages subject to FUTA and state unemployment taxes $36,000 Federal income taxes withheld from all salaries $18,600 Assume that the company is subject to a 2.7% state unemployment tax and a 0.8% federal unemployment tax. Record the general journal entry to: a. Accrue the payroll b. Accrue the employer's payroll taxes. Accounts and Description Debit Date a) Credit b) Step by Step Solution
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