COLLEGE ACCOUNTING, CHAPTERS 1-27 2T
COLLEGE ACCOUNTING, CHAPTERS 1-27 2T
22nd Edition
ISBN: 9781305930377
Author: HEINTZ
Publisher: CENGAGE L
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Chapter 9, Problem 1SEA

CALCULATION AND JOURNAL ENTRY FOR EMPLOYER PAYROLL TAXES Portions of the payroll register for Barney’s Bagels for the week ended July 15 are shown below. The SUTA tax rate is 5.4%, and the FUTA tax rate is 0.6%, both of which are levied on the first $7,000 of earnings. The Social Security tax rate is 6.2% on the first $118,500 of earnings. The Medicare rate is 1.45% on gross earnings.

Chapter 9, Problem 1SEA, CALCULATION AND JOURNAL ENTRY FOR EMPLOYER PAYROLL TAXES Portions of the payroll register for

Calculate the employer’s payroll taxes expense and prepare the journal entry to record the employer’s payroll taxes expense for the week ended July 15 of the current year.

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COLLEGE ACCOUNTING, CHAPTERS 1-27 2T

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How JOURNAL ENTRIES Work (in Accounting); Author: Accounting Stuff;https://www.youtube.com/watch?v=Y-_Q3rANyxU;License: Standard Youtube License