Mi Ranchito had the following amounts for a recent pay period: $\begin{array}{lr}
\text { Gross payroll total } & \$ 40,000 \
\text { Amount of employee wages that fall below the Social Security limit } & 39,000 \
\text { Amount of employee wages that fall below the unemployment tax limit } & 10,000
\end{array}$ Prepare the entry to record payroll taxes.

Question

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The Answer of Mi Ranchito had the following amounts for a recent pay period: $\begin{array}{lr}
\text { Gross payroll total } & \$ 40,000 \
\text { Amount of employee wages that fall below the Social Security limit } & 39,000 \
\text { Amount of employee wages that fall below the unemployment tax limit } & 10,000
\end{array}$ Prepare the entry to record payroll taxes.

Mi Ranchito Had the Following Amounts for a Recent Pay