Question: Using the payroll register from 6-2B for Cosmic Comics, complete the General Journal Entry for the employer's share of the payroll taxes for the September

Using the payroll register from 6-2B for Cosmic Comics, complete the General Journal Entry for the employer's share of the payroll taxes for the September 12 pay date. Assume a 5.4% SUTA rate and 0.6% FUTA rate and that $954.05 of the gross pay is subject to SUTA/FUTA taxes.

Step by Step Solution

3.45 Rating (165 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Date Description Debit Credit 12S... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

793-B-A-P (684).docx

120 KBs Word File

Students Have Also Explored These Related Accounting Questions!