The payroll register of Clapton Co. indicates $11,340 of social security withheld and $2,835 of Medicare tax withheld on total salaries of $189,000 for the period. Earnings of $19,000 are subject to state and federal unemployment compensation taxes

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Payroll tax expense Journal entry?
The payroll register of Clapton Co. indicates $11,340 of social security withheld and $2,835 of Medicare tax withheld on total
salaries of $189,000 for the period. Earnings of $19,000 are subject to state and federal unemployment compensation taxes
at the federal rate of 0.6% and the state rate of 5.4%.
Transcribed Image Text:The payroll register of Clapton Co. indicates $11,340 of social security withheld and $2,835 of Medicare tax withheld on total salaries of $189,000 for the period. Earnings of $19,000 are subject to state and federal unemployment compensation taxes at the federal rate of 0.6% and the state rate of 5.4%.
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