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The following information pertains to a weekly payroll of Texera Tile Company: a. The total wages earned by employees are 17210.00 b. The state unemployment
The following information pertains to a weekly payroll of Texera Tile Company:
a. The total wages earned by employees are 17210.00
b. The state unemployment insurance contribution rate is 3.5%
c. The entire amount of wages is taxable under FICA, FUTA and SUTA
d. The amount withheld from the employees' wages for federal income taxes is 1890.00 for state income taxes 369.40 and for group insurance 193.00
Journalize the payment of wages and record the payroll taxes for this payroll.
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