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The following totals for the month of June were taken from the payroll register of Marigold Company. Salaries and wages $79500 FICA taxes withheld 6140
The following totals for the month of June were taken from the payroll register of Marigold Company. Salaries and wages $79500 FICA taxes withheld 6140 Income taxes withheld 16800 Medical insurance deductions 3300 Federal unemployment taxes 720 State unemployment taxes 4000 The entry to record accrual of Marigold's Companys payroll taxes would include a credit to Payroll Tax Expense for $10860. credit to FICA Taxes Payable for $4720. credit to Payroll Tax Expense for $4720. debit to Payroll Tax Expense for $10860.
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