The following data are taken from Duncan Wayneright Corporation's monthly payroll for August 2019:
Assume that the company is subject to a 2.7% state unemployment tax and a 0.8% federal unemployment tax.
Record the general journal entry to:
a. Accrue the payroll.
b. Accrue the employer's payroll taxes.

Question

The following data are taken from Duncan Wayneright Corporation's monthly payroll for August 2019: 
  Assume that the company is subject to a 2.7% state unemployment tax and a 0.8% federal unemployment tax.
Record the general journal entry to:
a. Accrue the payroll.
b. Accrue the employer's payroll taxes.

Quizplus · Accepted Answer

The Answer of The following data are taken from Duncan Wayneright Corporation's monthly payroll for August 2019: 
  Assume that the company is subject to a 2.7% state unemployment tax and a 0.8% federal unemployment tax.
Record the general journal entry to:
a. Accrue the payroll.
b. Accrue the employer's payroll taxes.

The Following Data Are Taken from Duncan Wayneright Corporation's Monthly