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Your answer is partially correct. Swifty Corporation's weekly payroll of $14,000 included FICA taxes withheld of $1,071, federal taxes withheld of $2,690, state taxes
Your answer is partially correct. Swifty Corporation's weekly payroll of $14,000 included FICA taxes withheld of $1,071, federal taxes withheld of $2,690, state taxes withheld of $840, and insurance premiums withheld of $230. Prepare Swifty's journal entry to record the weekly payroll. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Salaries and Wages Expense FICA Taxes Payable FUTA Taxes Payable SUTA Taxes Payable Debit 14000 Credit 1071 840 230
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