Marble Co. employs a staff of 35 at a total monthly gross pay of $75,000. The company withholds federal income tax at 20% and state income tax at 3% for all employees. In addition, the following tax rates apply: FICA tax, 7.65%; federal unemployment tax, 0.8%; state unemployment tax, 2.7%.
Required: a. Prepare the journal entry to record salaries and employee withholding items for the month of January. *Round number up*
b. Prepare the journal entry to record employer payroll taxes for the month of January.

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The Answer of Marble Co. employs a staff of 35 at a total monthly gross pay of $75,000. The company withholds federal income tax at 20% and state income tax at 3% for all employees. In addition, the following tax rates apply: FICA tax, 7.65%; federal unemployment tax, 0.8%; state unemployment tax, 2.7%.
Required: a. Prepare the journal entry to record salaries and employee withholding items for the month of January. *Round number up*
b. Prepare the journal entry to record employer payroll taxes for the month of January.

Marble Co Employs a Staff of 35 at a Total Monthly