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Carlisle Corroany has monthly salaries of $30.000. Assume Carlisle pays all the standard payrol s no employees have reached the payroll tax limits, total income

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Carlisle Corroany has monthly salaries of $30.000. Assume Carlisle pays all the standard payrol s no employees have reached the payroll tax limits, total income tax withheld is $2.000, and the only payrol deductions are payroll taxes Journal the accrual of salaries expense, conual of employer payroll taxes and payment of employee and employer payroll taxes for Carlisle Company Assume all of the monthly salary is subiect to FUTA and SUTA Record debits first, then credits. Select the aration on the last line of the journal entry table) Click the icon to view payroll tax rate information) q Begin with the entry to accrue salaries expense and payroll withholdings for the employee Date Accounts and Explanation Debit Credit ne last line of the journal entry table.) on to view payroll tax rate information.) entry to accrue salarie i More Info For all payroll calculations, use the following tax rates and round amounts to the nearest cent OASDI: 6.2% on first $118,500 eamed; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000 Employer: OASDI: 6.2% on first $118,500 eamed: Medicare: 1,45% on all earnings, FUTA: 0.6% on first $7,000 eamed; SUTA. 5,4% on first $7,000 earned. Print Done

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