Assuming situation a, prepare the employer's September 30 journal entries to record salary expense and its related payroll ilabilitiesfor this employee The employee's federal income taxes withheld by the employer are $70 for this pay period. (Round your answers to2 decimal places)Taxes to be Withheld From Gross Pay (Employee-Paid Taxes)September EarningsSubject to TaxTax RateFederal income taxFICA Social SecurityFICA MedicareView transaction Bat<Journal entry worksheet$ 1,800.00122221,800.00tenderets mesDateSep 300 20%1.45%Total taxes withheld $Prepare the employer's September 30 journal entry to record the accruedsalary expense and its related payroll liabilities for this employee.Wacort antryGeneral JournalSalanes expenseFICA-Social sec taxes payableFICA-Medicare taxes payableTax Amount$Guurally70.00111.0020.10207.70DebitCredit>Vw general Journal

FICA (Federal Insurance Contributions Act) consists of two components: the medical tax (Medicare)…

Assuming situation a. prepare the employer's September 30 journal entries to record salary expense and its related payroll liabilities for this employee The employee's federal income taxes withheld by the employer are $70 for this pay period. (Round your answers to 2 decimal places) Taxes to be Withheld From Gross Pay (Employee-Paid Taxes) September Earnings Subject to Tax Tax Rate Federal income tax FICASocial Security FICA-Medicare $ Tax Amount 3 1,800.00 1,800.00 70.00 0 20% 1.45% 111.00 20.10 Total taxes withheld $ 207.70

Assuming situation a. prepare the employer's September 30 journal entries to record salary expense and its related payroll liabilities for this employee The employee's federal income taxes withheld by the employer are $70 for this pay period. (Round your answers to 2 decimal places) Taxes to be Withheld From Gross Pay (Employee-Paid Taxes) September Earnings Subject to Tax Tax Rate Federal income tax FICASocial Security FICA-Medicare $ Tax Amount 3 1,800.00 1,800.00 70.00 0 20% 1.45% 111.00 20.10 Total taxes withheld $ 207.70

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter9: Payroll Accounting: Employer Taxes And Reports

Section: Chapter Questions

Problem 2SEB

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