The payroll register of Heritage Co. indicates $3,900 of social security withheld and $975 of Medicare tax withheld on total salaries of $65,000 for the period. Earnings of $10,000 are subject to state and federal unemployment compensation taxes at the federal rate of 0.8% and the state rate of 5.4%.
How do I Journalize this? I got most of it but I cant seem to get the percentages correct.
Hi there! Click one of our representatives below and we will get back to you as soon as possible.