Determine federal income taxes for employees and employer


Response to the following problem:

Selected columns of Envirocon Company's payroll register for March are as follows. The employer's Social Security tax amount has already been calculated as $3,124.34. The employees' FICA Medicare tax rate is matched by the employer.

Payment Date

Employees' Federal
Income Tax

Employees' Social
Security Tax

Employees'
Medicare Tax

March 7

1,125.00

465.00

108.75

      14

1,250.00

517.70

121.08

21

1,385.00

572.57

133.91

28

1,357.00

561.22

131.25


Envirocon Company deposits taxes monthly. In general journal form, record the entry for the April 15 payment of FICA and federal income taxes for employees and employer.

 

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Taxation: Determine federal income taxes for employees and employer
Reference No:- TGS02127934

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