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Jack,an Employee of Desert Sky,Inc

question 25

Multiple Choice

Jack,an employee of Desert Sky,Inc.,has gross salary for May of $9000.The entire amount is under the OASDI limit of $118,500 and thus subject to FICA.He is also subject to federal income tax at a rate of 21%.Which of the following is a part of the journal entry for accrual of the employer payroll taxes? (Assume a FICA-OASDI Tax of 6.2% and FICA-Medicare Tax of 1.45%.) Jack's income to date exceeds the FUTA and SUTA tax income limits.


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