Solution-Journalize the entry to record the payroll tax

Journalize the entry to record the payroll tax expense

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Problem - The payroll register of Konrath Co. indicates $13,200 of social security withheld and $3,300 of Medicare tax withheld on total salaries of $220,000 for the period. Earnings of $35,000 are subject to state and federal unemployment compensation taxes at the federal rate of 0.8% and the state rate of 5.4%. Journalize the entry to record the payroll tax expense for the period.

Reference no: EM132754089

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Journalize the entry to record the payroll tax expense

Reference no: EM132754089

Reference no: EM132754089

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