Barbara Muller Services (BMS)pays its employees monthly.The payroll information listed below is for January 2016,the first month of BMS's fiscal year.
The journal entry to record payroll for the January 2016 pay period will include a debit to payroll tax expense of:

Question

Barbara Muller Services (BMS)pays its employees monthly.The payroll information listed below is for January 2016,the first month of BMS's fiscal year. 
The journal entry to record payroll for the January 2016 pay period will include a debit to payroll tax expense of:

Quizplus · Accepted Answer

To record payroll for January 2016, we need to debit salaries and wages expense, payroll tax expense, and employee benefits expense. The total salaries and wages paid to employees during January is $92,000 ($80,000 + $12,000). The employer's share of payroll taxes is $11,080 ($92,000 x 12.1%). Therefore, the journal entry to record payroll for the January 2016 pay period will include a debit to payroll tax expense of $11,080.

Barbara Muller Services (BMS)pays Its Employees Monthly