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Make the journal entry to record the payroll tax expense

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Problem - The payroll register of Ruggerio Co. indicates $10,500 of social security withheld and $2,625 of Medicare tax withheld on total salaries of $175,000 for the period. Earnings of $30,000 are subject to state and federal unemployment compensation taxes at the federal rate of 0.6% and the state rate of 5.4%. Make the journal entry to record the payroll tax expense for the period.

Reference no: EM132693176

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Make the journal entry for the period payroll : The payroll register of Ruggerio Co. indicates $10,500 of social security withheld, Make the journal entry for the period payroll

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