Assume earnings subject to state and federal unemployment, Ask an Expert

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The payroll register of Seaside Architecture Company indicates $870 of Social Security and $217 of Medicare tax withheld on total salaries of $14,500 for the period. Assume earnings subject to state and federal unemployment compensation taxes are $5,250 at the federal rate of 0.8% and state rate of 5.4%. What are the journal entry to record the payroll tax expense for the period.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M9413605

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