Question: Signature Company s partial payroll register for the week ended January

Signature Company’s partial payroll register for the week ended January 7 is as follows:


Assume that the payroll is subject to an employer’s Social Security tax of 6.2 percent on the first $ 106,800 and a Medicare tax of 1.45 percent on all earnings. Also assume that the federal unemployment tax is 0.6 percent, and that the state unemployment tax is 5.4 percent of the first $ 7,000. Give the entry in general journal form to record the payroll taxexpense.


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  • CreatedOctober 21, 2014
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