In January, gross earnings in Oriole Company totaled $94,000. All earnings are subject to 7.65% FICA taxes, 5.40% state unemployment taxes, and 0.60% federal unemployment taxes. Prepare the entry to record January payroll tax expense. (Credit account titles are automatically indented when amount is entered. Do indent manually. Round answers to 0 decimal places, e.g. 5,275.)
Date Account Titles and Explanation Debit Credit
Jan. 31

Question

14-06-2024
Business

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In January, gross earnings in Oriole Company totaled $94,000. All earnings are subject to 7.65% FICA taxes, 5.40% state unemployment taxes, and 0.60% federal unemployment taxes. Prepare the entry to record January payroll tax expense. (Credit account titles are automatically indented when amount is entered. Do indent manually. Round answers to 0 decimal places, e.g. 5,275.)
Date Account Titles and Explanation Debit Credit
Jan. 31

Sagot :

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