In January, the payroll supervisor determines that gross earnings for Halo Company are $70,000. All earnings are subject to 7.65% FICA taxes, 5.4% state unemployment taxes, and 0.8% federal unemployment taxes. Halo asks you to record the employer"s payroll taxes.
Compute the employer"s payroll taxes on the period"s gross earnings.
Identify the expense account(s) to be debited.
Identify the liability account(s) to be credited.
https://writerbay.net/wp-content/uploads/2019/11/logo-300x86.png00Paulhttps://writerbay.net/wp-content/uploads/2019/11/logo-300x86.pngPaul2020-09-17 01:16:072020-09-17 01:16:07Compute the employer"s payroll taxes on the period"s gross earnings.
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