Question: help me with A&B please PayUlla Lilles According to a summary of the payroll of Mountain Streaming Co., $110,000 was subject to the 6.0% social
PayUlla Lilles According to a summary of the payroll of Mountain Streaming Co., $110,000 was subject to the 6.0% social security tax and the 1.5% Medicare tax. Also, $25,000 was subject to state and federal unemployment taxes. a. Calculate the employer's payroll taxes, using the following rates: state unemployment, 5.4%; federal unemployment, 0.8%. $ 56,102 x Feedback Check My Work Remember that there is typically a maximum amount of earnings subject to state and federal unemployment taxes. b. Journalize the entry to record the accrual of payroll taxes. If an amount box does not require an entry, leave it blank. Payroll Tax Expense 6,600 Social Security Tax Payable 1,650 X Medicare Tax Payable 1,350 State Unemployment Tax Payable 200 Federal Unemployment Tax Payable 9,800
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