Assuming situation (a), prepare the employer's September 30 journal entry to record the employer's payroll taxes expense and its related liabilities. Answer is not complete. Complete this question by entering your answers in the tabs below. Payroll Taxes Expense General Journal Assuming situation (a), compute the payroll taxes expense. Note: Round your answers to 2 decimal places. Employer Payroll taxes September earnings subject to Tax Rate Tax Amount tax FICA-Social Security 800.00 - 6.20% $ 49.60 FICA-Medicare FUTA SUTA 800.00 1.45% 1160 6,400.00 0.60%- 38.40 6,400.00 5.40% 345.60 Total Payroll Taxes Expense 445.20

Assuming situation (a), prepare the employer's September 30 journal entry to record the employer's payroll taxes expense and its related liabilities. Answer is not complete. Complete this question by entering your answers in the tabs below. Payroll Taxes Expense General Journal Assuming situation (a), compute the payroll taxes expense. Note: Round your answers to 2 decimal places. Employer Payroll taxes September earnings subject to Tax Rate Tax Amount tax FICA-Social Security 800.00 - 6.20% $ 49.60 FICA-Medicare FUTA SUTA 800.00 1.45% 1160 6,400.00 0.60%- 38.40 6,400.00 5.40% 345.60 Total Payroll Taxes Expense 445.20

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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