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Use This Information to Answer the Following Question The Entry to Record the Payroll Taxes Expense Would Include

question 178

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Use this information to answer the following question. Baker Company has the following information for the pay period of January 1-15, 2010. Payment occurs on January 20.
 Gross payroll $16,000 Federal income taxes withheld $1,800 Social security and Medicare rate 7.65% Federal unemployment tax rate 8% State unemployment tax rate 5.4%\begin{array}{lrlr}\text { Gross payroll } & \$ 16,000 & \text { Federal income taxes withheld } & \$ 1,800 \\\text { Social security and Medicare rate } & 7.65 \% & \text { Federal unemployment tax rate } & 8 \% \\\text { State unemployment tax rate } & 5.4 \% & &\end{array} The entry to record the payroll taxes expense would include a credit to


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