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Other Fields Homework Help Accounting Topic started by: Fast2F on Jun 6, 2017



Title: Using the information provided below, prepare a journal entry to record the payroll tax expense for ...
Post by: Fast2F on Jun 6, 2017
Using the information provided below, prepare a journal entry to record the payroll tax expense for Mr. B's Carpentry.

Employee   Gross Pay   Cumulative Earnings
      Prior to this Payroll
V. Vaughn   $1,600   $44,000
C. Jefferson   1,200   7,000
B. Hogan   1,400   120,000

Assume:
FICA tax rates are: OASDI 6.2% on a limit of $117,000 and Medicare 1.45%.
State unemployment tax rate is 2% on the first $7,000.
Federal unemployment tax rate is 0.8% on the first $7,000.


Title: Re: Using the information provided below, prepare a journal entry to record the payroll tax expense ...
Post by: keytwo on Jun 6, 2017
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Title: Re: Using the information provided below, prepare a journal entry to record the payroll tax expense for ...
Post by: Fast2F on Jul 18, 2017
I wish I would have known about this service with my other classes.