Solution-Provide the journal entry to record the payroll tax

Provide the journal entry to record the payroll tax

Reference no: EM13533248

The payroll register of Gregory Communications Co. indicates $4,080 of social security withheld and $1,020 of Medicare tax withheld on total salaries of $68,000 for the period. Assume earnings subject to state and federal unemployment compensation taxes are $12,500, at the federal rate of 0.8% and the state rate of 5.4%.

Provide the journal entry to record the payroll tax expense for the period.

Reference no: EM13533248

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Provide the journal entry to record the payroll tax

Reference no: EM13533248

Reference no: EM13533248

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