Prepare the entry to record january payroll tax expense

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1. In January, gross earnings in Vega Company totaled $70,000. All earnings are subject to 8% FICA taxes, 5.4% state unemployment taxes, and 0.8% federal unemployment taxes. 

Prepare the entry to record January payroll tax expense.

Reference no: EM131128982

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Prepare the entry to record january payroll tax expense : In January, gross earnings in Vega Company totaled $70,000. All earnings are subject to 8% FICA taxes, 5.4% state unemployment taxes, and 0.8% federal unemployment taxes.
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