The payroll register of Heritage Co. indicates $1,800 of social security withheld and $450.00 of Medicare tax withheld on total salaries of $30,000 for the period. Earnings of $9,300 are subject to state and federal unemployment compensation taxes at the federal rate of 0.8% and the state rate of 5.4%. Journalize the entry to record the payroll tax expense for the period. If an amount box does not require an entry, leave it blank. Round your answers to two decimal places. blank Account Debit Credit blank
The payroll register of Heritage Co. indicates $1,800 of social security withheld and $450.00 of Medicare tax withheld on total salaries of $30,000 for the period. Earnings of $9,300 are subject to state and federal unemployment compensation taxes at the federal rate of 0.8% and the state rate of 5.4%. Journalize the entry to record the payroll tax expense for the period. If an amount box does not require an entry, leave it blank. Round your answers to two decimal places. blank Account Debit Credit blank
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The payroll register of Heritage Co. indicates $1,800 of social security withheld and $450.00 of Medicare tax withheld on total salaries of $30,000 for the period. Earnings of $9,300 are subject to state and federal
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