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upton upton
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7 years ago
Record in the general journal the payroll tax entry for the week ended August 31. Use the following information gathered to make the entry.

   Cumulative Earnings   Gross Pay
Employee   Before Weekly Payroll   For Week
C. Legal   $20,000   $1,000
D. Monaghan   14,000   600
T. Delcotto   5,000   400

a) FICA tax rate is: OASDI 6.2% on a limit of $106,800, and Medicare is 1.45%
b) Federal Unemployment is 0.8% on a limit of $7,000
c) State Unemployment is 2% on a limit of $7,000
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College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
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OmpaOmpa
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