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Using the payroll information in question 6, record the journal entry for the employer's payroll taxes on this payroll. The Federal Unemployment taxes are $12.456.00
Using the payroll information in question 6, record the journal entry for the employer's payroll taxes on this payroll. The Federal Unemployment taxes are $12.456.00 and the State Unemployment taxes are $4,565.00. During October, Foothill Medical's employees earned $125,000. There were FICA taxes of $9,562.50 and Federal income taxes of $11,995.00 and State income taxes of 7,450.00. Prepare the journal entry to record the salaries and wages expense for October
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