Question: Using the data in situation a of Exercise 9-6, prepare the employers September 30 journal entries to record (1) Salary expense and its related payroll
(1) Salary expense and its related payroll liabilities for this employee.
(2) The employers payroll taxes expense and its related liabilities. The employees federal income taxes withheld by the employer are $250 for this pay period.
Exercise 9-6
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Rate Appled To 6.20% First $106,800 45 All gross pay Tax FICA-Social Security.... FICA-Medicare FUTA SUTA 0.80 Flrst $7.000 2.90 First $7,000
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Sept 30 Salaries Expense 210000 FICASocial Security Taxes Payable 13020 FICAMedicare Taxes ... View full answer
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