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The payroll register of Big House Cleaning Company showed total employee earnings of $3,100 for the payroll period ended July 14. Required 1. Compute the
The payroll register of Big House Cleaning Company showed total employee earnings of $3,100 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, 1.45 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. 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.) Prepare a general journal entry to record the employer's payroll taxes for the period. (Round your answers to 2 decimal places Journal entry worksheet Record employer's payroll taxes. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Which of the taxes are paid by the employee and matched by the employer? Taxes paid by the employee and matched by the employer
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