The payroll register of Reynolds Company showed total employee earnings of $2,320 for the week ended May 10,2016.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.

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The Answer of The payroll register of Reynolds Company showed total employee earnings of $2,320 for the week ended May 10,2016.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 Reynolds Company Showed Total Employee Earnings