Ask Question
Today, 17:56

Journalize the following payroll tax liability of David Roadways. Payroll tax expenses totaling $177.01 include:1. Social Security Tax paid $83.72 2. Medicare Tax paid $9.58 3. State Unemployment Tax paid $72.91 4. Federal Unemployment Tax paid $10.80

+4
Answers (1)
  1. Today, 21:16
    0
    Answer: The journal entry is as follows:

    Explanation:

    Given that,

    Payroll tax expenses totaling = $177.01

    Social Security Tax paid (SST) = $83.72

    Medicare Tax paid (MT) = $9.58

    State Unemployment Tax paid (SUT) = $72.91

    Federal Unemployment Tax paid (FUT) = $10.80

    Salary expense A/c Dr. $177.01

    To SST payable $83.72

    To MT payable $9.58

    To SUT payable $72.91

    To FUT payable $10.80

    (entry for payroll tax liability of David Roadways)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Journalize the following payroll tax liability of David Roadways. Payroll tax expenses totaling $177.01 include:1. Social Security Tax paid ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers