The following totals for the month of March were taken from the payroll register of the Foothill Company:
Prepare journal entries without explanations to record the following.Round amounts to the nearest dollar.
a.Monthly payroll
b.Accrual of employer's payroll taxes (assuming the social security and Medicare taxes to be equal to the amount for employees,a FUTA tax of .8 percent,and a state unemployment tax of 5.4 percent)

Question

The following totals for the month of March were taken from the payroll register of the Foothill Company:
  Prepare journal entries without explanations to record the following.Round amounts to the nearest dollar. 
a.Monthly payroll
b.Accrual of employer's payroll taxes (assuming the social security and Medicare taxes to be equal to the amount for employees,a FUTA tax of .8 percent,and a state unemployment tax of 5.4 percent)

Quizplus · Accepted Answer

The Answer of The following totals for the month of March were taken from the payroll register of the Foothill Company:
  Prepare journal entries without explanations to record the following.Round amounts to the nearest dollar. 
a.Monthly payroll
b.Accrual of employer's payroll taxes (assuming the social security and Medicare taxes to be equal to the amount for employees,a FUTA tax of .8 percent,and a state unemployment tax of 5.4 percent)

The Following Totals for the Month of March Were Taken