The payroll register of Calpton Co. indicates $11,340 of social security withheld and $2,625 of Medicare tax
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The payroll register of Calpton Co. indicates $11,340 of social security withheld and $2,625 of Medicare tax withheld on total salaries of $189,000 for the period. Earnings of $19,000 are subject to state and federal unemployment compensation taxes at the federal rate of 0.6% and the state rate of 5.4%. Provide the journal entry to record the payroll tax expense for the period.
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The journal entry to record the payroll tax expense for the period would ...View the full answer
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Related Book For 
Accounting
ISBN: 9781337902687
28th Edition
Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider
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