Banner Company had the following payroll data for the year: 
Assume the following: 
Instructions
Compute Banner's payroll tax expense for the year. Make a summary journal entry to record the payroll tax expense.
Definitions:
Glass Transition Temperature
The temperature range over which a polymer changes from a hard, glassy state to a soft, rubbery state.
Polymer
A large molecule or macromolecule composed of many repeated subunits.
Major Organic Product
The primary product of a chemical reaction that is formed in the largest quantity compared to other products.
Reaction
The process through which one or more substances are changed into one or more different substances through the rearrangement, removal, replacement, or addition of atoms.
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