For a weekly payroll, the journal entry to record the employer's portions should also be done weekly.

Question

Quizplus · Accepted Answer

The employer's portions of payroll taxes (such as Social Security and Medicare) should be recorded and paid on a regular basis, which is typically weekly for most businesses. This ensures that the employer stays compliant with tax laws and avoids penalties. Therefore, the journal entry to record the employer's portions should also be done weekly.

For a Weekly Payroll, the Journal Entry to Record the Employer's