Jackson Autos has one employee As of March 30. their employee had already earned $6, 300. For
Question:
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 the employee's unemployment payroll takes for the period ending April 15, would be:
a. Federal Unemployment Tax Payable ……………………………… 4.20
State Unemployment Tax Payable ……………………………..….... 37.80
Payroll Taxes Expense …………………………………….………………………... 42.00
b. Payroll Taxes Expense ………………………………………...….240.00
Federal Unemployment Tax Payable …………………..……....…... 24.00
State Unemployment Tax Payable ……………………………………………..… 216.00
c. Payroll Taxes Expense …………………………………….…..…...79.80
Federal Unemployment Tax Payable …………………………..…... 42.00
State Unemployment Tax Payable …………………………………….….…......… 37.80
d. Payroll Taxes Expense ……………………………………..….…..42.00
Federal Unemployment Tax Payable ……………………..….……... 4.20
State Unemployment Tax Payable ………………………………….……….......… 37.80
College Accounting
ISBN: 978-1111528126
11th edition
Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille