The payroll register of Patel Heritage Co indicates $2,280 of social security withheld and $570.00 of Medicare tax withheld on total salaries of $38,000 for the period. Earnings of $10,600 are subject to state and federal unemployment compensation taxes at the federal rate of 0.8% and the state rate of 5.4%. Provide the journal entry to record the payroll tax expense for the period. If an amount box does not require an entry, leave it blank. Round to two decimal places. Payroll Tax Expense fill in the blank 2 fill in the blank 3 Social Security Tax Payable fill in the blank 5 fill in the blank 6 Medicare Tax Payable fill in the blank 8 fill in the blank 9 State Unemployment Tax Payable fill in the blank 11 fill in the blank 12 Federal Unemployment Tax Payable
The payroll register of Patel Heritage Co indicates $2,280 of social security withheld and $570.00 of Medicare tax withheld on total salaries of $38,000 for the period. Earnings of $10,600 are subject to state and federal unemployment compensation taxes at the federal rate of 0.8% and the state rate of 5.4%. Provide the journal entry to record the payroll tax expense for the period. If an amount box does not require an entry, leave it blank. Round to two decimal places. Payroll Tax Expense fill in the blank 2 fill in the blank 3 Social Security Tax Payable fill in the blank 5 fill in the blank 6 Medicare Tax Payable fill in the blank 8 fill in the blank 9 State Unemployment Tax Payable fill in the blank 11 fill in the blank 12 Federal Unemployment Tax Payable
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Journalize Payroll Tax
The payroll register of Patel Heritage Co indicates $2,280 of social security withheld and $570.00 of Medicare tax withheld on total salaries of $38,000 for the period. Earnings of $10,600 are subject to state and federal
Provide the
Payroll Tax Expense | fill in the blank 2 | fill in the blank 3 | |
Social Security Tax Payable | fill in the blank 5 | fill in the blank 6 | |
Medicare Tax Payable | fill in the blank 8 | fill in the blank 9 | |
State Unemployment Tax Payable | fill in the blank 11 | fill in the blank 12 | |
Federal Unemployment Tax Payable | fill in the blank 14 |
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