Jackson Autos has one employee. As of march 30. Their employee had already earned $6,300. For the pay period ending April 15, their employee earned an additional $4,000 of gross wages. Only the first $7,000 of annual earnings are subject to FUTA of. 6% and SUTA of 5.4% The journal entry to record employer?s unemployment payroll taxes for the period ending April 15, would be:

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Tax Payable. O Federal Unemployment State Unemployment Tax Payable.. Payroll Taxes Expense. O Payroll Taxes Expense.... Federal Unemployment Tax Payable. State Unemployment Tax Payable. O Payroll Taxes Expense... Federal Unemployment Tax Payable State Unemployment Tax Payable. O Payroll Taxes Expense....... Federal Unemployment Tax Payable State Unemployment Tax Payable 4.20 37.80 240 79,80 42.00 42.00 24 216 42.00 .37.80 4.20 .37.80 Tax Payable. O Federal Unemployment State Unemployment Tax Payable.. Payroll Taxes Expense. O Payroll Taxes Expense.... Federal Unemployment Tax Payable. State Unemployment Tax Payable. O Payroll Taxes Expense... Federal Unemployment Tax Payable State Unemployment Tax Payable. O Payroll Taxes Expense....... Federal Unemployment Tax Payable State Unemployment Tax Payable 4.20 37.80 240 79,80 42.00 42.00 24 216 42.00 .37.80 4.20 .37.80

Answer rating: 100% (QA)

D Total payroll expense6700042 Federal un... View the full answer