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the payroll register of big house cleaning company showed total employee earnings of 3,200 for the payroll period ended july 14,2019 The payroll register of
the payroll register of big house cleaning company showed total employee earnings of 3,200 for the payroll period ended july 14,2019
The payroll register of Big House Cleaning Company showed total employee earnings of $3,200 for the payroll period ended July 14. 2019 Required 1. Compute the employer's payroll taxes for the period. Use rates of 6.2 percent for the employer's share of the social security tax, 1.45 percent for Medicare fax 0.5 percent for FUTA tax and 5.4 percent for SUTA tax. All earnings are taxable. 2. Prepare a general journal entry to record the employer's payroll taxes for the period Analyze: Which of the above taxes are paid by the employee and matched by the employer? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Analyze Compute the employer's payroll taxes for the period. Use rates of 6.2 percent for the employer's share of the social security tax, 1.45 percent for Medicare tax, 0.6 percent for FUTA tax, and 5.4 percent for SUTA tax. All earnings are taxable. (Round "Rate" answers to 2 decimal places.) Show less Base Amount Rate % Tax Social Security Medicare FUTA SUTA Total 96 98 96 Required) Required 1 Required 2 Analyze Prepare a general journal entry to record the employer's payroll taxes for the period. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet Record employer's payroll taxes. Note: Enter debits before credits. General Journal Debit Credit Date July 14, 2019 Record entry Clear entry Vww general Journal search Required 1. Compute the employer's payroll taxes for the period. Use rates of 6.2 percent for the employer's share of the social security 145 percent for Medicare tax, 0.6 percent for FUTA tax, and 5.4 percent for SUTA tax. All earnings are taxable 2. Prepare a general journal entry to record the employer's payroll taxes for the period Analyze: Which of the above taxes are paid by the employee and matched by the employer? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Analyze Which of the taxes are paid by the employee and matched by the employer? Taxes paid by the employee and matched by the employer Step by Step Solution
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