Record in the general journal the payroll tax entry for the week ended August 31.Use the following information gathered to make the entry.
$$\begin{array} { l l l l }
\text { Employee } & & \text { Cumulative Earnings } & \text { Grog Pay } \
&&\text { E. Lefore Weekly Payroll }& \text { For Week } \
\text { C.Legal}&&\$20,000&\$1,000\
\text { D. Monaghan } && 14,000 & 600 & \
\text { T. Delcotto } && 5,000 & 600 &
\end{array}$$ a)FICA tax rate is: OASDI 6.2% on a limit of $106,800,and Medicare is 1.45%
b)Federal Unemployment is 0.8% on a limit of $7,000
c)State Unemployment is 2% on a limit of $7,000

Question

Record in the general journal the payroll tax entry for the week ended August 31.Use the following information gathered to make the entry.
 $$\begin{array} { l l l l } 
\text { Employee } & & \text { Cumulative Earnings } & \text { Grog Pay } \
&&\text { E. Lefore Weekly Payroll }& \text { For Week } \
\text { C.Legal}&&\$20,000&\$1,000\
\text { D. Monaghan } && 14,000 & 600 & \
\text { T. Delcotto } && 5,000 & 600 &
\end{array}$$ a)FICA tax rate is: OASDI 6.2% on a limit of $106,800,and Medicare is 1.45%
b)Federal Unemployment is 0.8% on a limit of $7,000
c)State Unemployment is 2% on a limit of $7,000

Quizplus · Accepted Answer

The Answer of Record in the general journal the payroll tax entry for the week ended August 31.Use the following information gathered to make the entry.
 $$\begin{array} { l l l l } 
\text { Employee } & & \text { Cumulative Earnings } & \text { Grog Pay } \
&&\text { E. Lefore Weekly Payroll }& \text { For Week } \
\text { C.Legal}&&\$20,000&\$1,000\
\text { D. Monaghan } && 14,000 & 600 & \
\text { T. Delcotto } && 5,000 & 600 &
\end{array}$$ a)FICA tax rate is: OASDI 6.2% on a limit of $106,800,and Medicare is 1.45%
b)Federal Unemployment is 0.8% on a limit of $7,000
c)State Unemployment is 2% on a limit of $7,000

Record in the General Journal the Payroll Tax Entry for the Week