Natural Hair reports the following payroll information for May, 2019:

Type of Salary

Gross Pay

Federal Income Tax Withheld

Savings Bonds Withheld

Sales

$10,000

$2,200

$200

Office

3,000

600

300

$13,000

$2,800

$500Tax rate information follows:

 

FICA	7.65%
Federal unemployment	0.8%
State employment	5.4%

 

Assume that all wages are subject to all payroll taxes.

 

Required:

 

Prepare the journal entries to record the payment of the May, 2019, payroll and to record the payroll taxes imposed on the employer.

Answer rating: 100% (QA)

To record the payment of the May 2019 payroll and the payroll taxes imposed on the employer the foll... View the full answer