Jackson Autos has one employee.As of March 30,their employee had already earned $6,300.For the pay period ending April 15,their employee earned an additional $4,000 of gross wages.Only the first $7,000 of annual earnings are subject to FUTA of .6% and SUTA of 5.4%.The journal entry to record the employer's unemployment payroll taxes for the period ending April 15,would be:

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The Answer of Jackson Autos has one employee.As of March 30,their employee had already earned $6,300.For the pay period ending April 15,their employee earned an additional $4,000 of gross wages.Only the first $7,000 of annual earnings are subject to FUTA of .6% and SUTA of 5.4%.The journal entry to record the employer's unemployment payroll taxes for the period ending April 15,would be:

Jackson Autos Has One Employee