In January, gross earnings in Lugo Company totaled $80,000. All earnings are subject to 7.65% FICA taxes,
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In January, gross earnings in Lugo Company totaled $80,000. All earnings are subject to 7.65% FICA taxes, 5.4% state unemployment taxes, and 0.6% federal unemployment taxes. Prepare the entry to record January payroll tax expense.
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Related Book For
Accounting Tools For Business Decision Making
ISBN: 9781119571056
7th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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