Question
The payroll register of Rose Inc. indicates $16,700 of social security withheld and $4,100 of Medicare tax withheld on total salaries of $276,540 for the
The payroll register of Rose Inc. indicates $16,700 of social security withheld and
$4,100 of Medicare tax withheld on total salaries of $276,540 for the period.
Earnings of $60,000 are subject to state and federal unemployment
compensation taxes at the federal rate of 0.08% and the state rate of 5.4%.
Instructions: Prepare the journal entry to record the payroll tax expense for the
period.
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Cost Accounting For Managerial Planning Decision Making And Control
Authors: Andrew Schiff, Hsihui Chang, Woody M Liao, James L Boockholdt
5th Edition
0759340412, 978-0759340411
