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Using the Information Provided Below,prepare a Journal Entry to Record

question 66

Essay

Using the information provided below,prepare a journal entry to record the payroll tax expense for Mr.B's Carpentry.

 Employee  Gross Pay  Cumulative Earring Prior to this Payroll V. Vaughn $1,600$44,000 C. Jefferson 1,2007,000 B. Hogan 1,400120,000\begin{array}{lll}\text { Employee } &{\text { Gross Pay }} & {\text { Cumulative Earring }} \\\text {}&&\text {Prior to this Payroll}\\\text { V. Vaughn } & \$ 1,600 & \$ 44,000 \\\text { C. Jefferson } & 1,200 & 7,000 \\\text { B. Hogan } & 1,400 & 120,000\end{array}
Assume:
FICA tax rates are: OASDI 6.2% on a limit of $106,800 and Medicare 1.45%
State unemployment tax rate is 2% on the first $7,000
Federal unemployment tax rate is 0.8% on the first $7,000.


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Immediate medical care refers to urgent medical attention provided quickly in response to a sudden injury or illness to prevent severe complications.

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