Novak Corporations weekly payroll of 22000 included FICA tax

Novak Corporation’s weekly payroll of $22,000 included FICA taxes withheld of $1,683, federal taxes withheld of $2,940, state taxes withheld of $840, and insurance premiums withheld of $230. Prepare the journal entry to record Novak’s payroll.

I believe I must use FUTA for federal taxes and SUTA for state taxes.

Wages expense $22,000

Cash $16,307

Federal withholding taxes payable $2,940

FICA taxes payable $1,683

State withholding taxes payable $840

Insurance premiums payable $230

Novak Corporation’s weekly payroll of $22,000 included FICA taxes withheld of $1,683, federal taxes withheld of $2,940, state taxes withheld of $840, and insura

Novak Corporations weekly payroll of 22000 included FICA tax

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