Sally's reports the following payroll information for September 2014
Type of Salary: Gross Pay Federal inc. tax withheld Savings Bond Witheld
Sales $10,000 $2,200 $200
Office 3,000 600 300
Total: 13,000 2,800 $500
Tax rate info:
SS 6.2%
Medicare 1.45%
State Income Tax 4.0%
Federal Unemployment 0.8%
State unemployment
Assume that all wages are subject to all payroll taxes
1. Prepare the journal entry to record the employee payroll
2. Prepare the journal entry to record the employer payroll entry