ssignmentMaindoinvokersassig Sournalize Payroll Tax The pery

ssignmentMain.do?invokersassig Sournalize Payroll Tax The peryroll register of Castile Engineering Co. indicates $2,700 of socal secunity withheld and $675.00 of Medicare tax withhels on t $45,000 for the period. Earnings of $14,000 are subject to state and federal stato rate of 5.4%. total salaries of unemployment compensation taxes atre fedril rate of 0.5% and the Provide the journal entry to record the payroll tax expense for the period. It an amount box does not decimal places requine an entry, leave it blank. Round to bwo Payroll Tax Expense Medicare Tax Employecs Foderal Income Tax Payable 8 command option

Solution

Payroll tax expense 4215       Social Security tax payable 2700       Medicare tax payable 675       State unemployment tax payable 756 =14000*5.4%       Federal unemployment tax payable 84 =14000*0.6%