Using the employer payroll entry from P7-4A, post the employers share of payroll taxes for the July

Question:

Using the employer payroll entry from P7-4A, post the employer’s share of payroll taxes for the July 14 pay at Charles’ Cleaners to the appropriate General Ledger accounts. Assume that $1,352.40 is subject to FUTA/SUTA taxes.


In Problem P7-1A

Charles Merrill owns a housekeeping service, Charles’ Cleaners, in Florida. For the weekly payroll endingJuly 14, 2017, checks dated July 18, 2017, complete the payroll register. Use the wage bracket method in the federal tax table in Appendix C. No employee has exceeded the Social Security tax wage base. Total, prove, and rule the entries.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question

Payroll Accounting 2018

ISBN: 978-1259742514

4th edition

Authors: Jeanette Landin, Paulette Schirmer

Question Posted: