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ttempt in Progress During the month of February, Ayayai Corp.s employees earned wages of $60,000. Withholdings related to these wages were $4,590 for FICA, $5,680
ttempt in Progress
During the month of February, Ayayai Corp.s employees earned wages of $60,000. Withholdings related to these wages were $4,590 for FICA, $5,680 for federal income tax, and $1,520 for state income tax. Costs incurred for unemployment taxes were $88 for federal and $128 for state. Prepare the February 28 journal entries for
(a) | Salaries and wages expense and salaries and wages payable assuming that all February wages will be paid in March. | |
(b) | The companys payroll tax expense. |
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