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Determine Joe take home pay and the total payroll

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Reference no: EM132431987

Question - Discuss which payroll taxes are the responsibility of the employee and which are the responsibility of the employer. Be certain to include how you would record these entries.

Joe is paid, in cash, $1,000 for the week just ended. Use the following information to determine Joe's take home pay and the total payroll, federal and state, tax expense for the company Joe works for.

Federal Income tax 3% of gross pay

State Income tax 2% of gross pay

Social Security tax 6.2% of gross pay

Medicare tax 1.45% of gross pay

State Unemployment Tax 5.4% of gross pay

Federal Unemployment Tax 8% of gross pay.

Reference no: EM132431987

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