Payroll information for Kinzer's Interior Decorating for the first week in October is as follows:

Assume the following tax rates:
$$\begin{array} { l r }
\text { FICA: OASDI } & 6.2 \% \
\text { FICA: Medicare } & 1.45 \% \
\text { Federal unemployment } & 0.8 \% \
\text { State unemployment } & 2.0 \%
\end{array}$$
Required: Prepare the payroll tax expense entry.

Question

Payroll information for Kinzer's Interior Decorating for the first week in October is as follows:
  
Assume the following tax rates:
 $$\begin{array} { l r } 
\text { FICA: OASDI } & 6.2 \% \
\text { FICA: Medicare } & 1.45 \% \
\text { Federal unemployment } & 0.8 \% \
\text { State unemployment } & 2.0 \%
\end{array}$$ 
Required: Prepare the payroll tax expense entry.

Quizplus · Accepted Answer

The Answer of Payroll information for Kinzer's Interior Decorating for the first week in October is as follows:
  
Assume the following tax rates:
 $$\begin{array} { l r } 
\text { FICA: OASDI } & 6.2 \% \
\text { FICA: Medicare } & 1.45 \% \
\text { Federal unemployment } & 0.8 \% \
\text { State unemployment } & 2.0 \%
\end{array}$$ 
Required: Prepare the payroll tax expense entry.

Payroll Information for Kinzer's Interior Decorating for the First Week