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the payroll Register of big house cleaning company showed total employee earnings of $3,700 for the payroll period ended July 14. The payroll register of
the payroll Register of big house cleaning company showed total employee earnings of $3,700 for the payroll period ended July 14.
The payroll register of Big House Cleaning Company showed total employee earnings of $3,700 for the payroll period ended July 14, 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. 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 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 your answers to 2 decimal places.) Show less Base Rate Amount Tax Social Security Medicare FUTA SUTA Total 14 % Recrut2 > 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 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 Step by Step Solution
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