Reference no: EM132962888
Assuming no employees are subject to ceilings for their earnings, Harris Company has the following information for the pay period of January 15-31.
Gross payroll$10,000
Federal income tax withheld$1,800
Social security rate6%
Federal unemployment tax rate0.8%
Medicare rate1.5%
State unemployment tax rate5.4%
Problem 1: ?Salaries Payable would be recorded for
Assuming no employees are subject to ceilings for their earnings, Harris Company has the following information for the pay period of January 15-31.
Gross payroll$10,000
Federal income tax withheld$1,800
Social security rate6%
Federal unemployment tax rate0.8%
Medicare rate1.5%
State unemployment tax rate5.4%
Problem 2: ?Assuming that all wages are subject to federal and state unemployment taxes, the employer's payroll tax expense would be
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