The payroll register of Longboat Co. indicates $5,400 of social security withheld and $1,350 of Medicare tax
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The payroll register of Longboat Co. indicates $5,400 of social security withheld and $1,350 of Medicare tax withheld on total salaries of $90,000 for the period. Retirement savings withheld from employee paychecks were $5,400 for the period. Federal withholding for the period totaled $17,820.
Provide the journal entry for the period's payroll.
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Salaries Expense 90000 Social Security ...View the full answer
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Mehwish Aziz
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Related Book For 
Corporate Financial Accounting
ISBN: 978-1133952411
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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