The payroll register of Rapid Repairs showed total employee earnings of $1,870 for the week ended April 5,2016.Compute the employer's payroll taxes for the period.The tax rates are: Social security tax,6.2 percent;Medicare tax,1.45 percent;FUTA tax,0.6 percent;SUTA tax,2.2 percent.All earnings are taxable.Record the employer's payroll taxes for the period on page 4 of a general journal.

Question

Quizplus · Accepted Answer

The Answer of The payroll register of Rapid Repairs showed total employee earnings of $1,870 for the week ended April 5,2016.Compute the employer's payroll taxes for the period.The tax rates are: Social security tax,6.2 percent;Medicare tax,1.45 percent;FUTA tax,0.6 percent;SUTA tax,2.2 percent.All earnings are taxable.Record the employer's payroll taxes for the period on page 4 of a general journal.

The Payroll Register of Rapid Repairs Showed Total Employee Earnings