Provide the journal entry to record the payroll tax expense


The payroll register of Russert Construction Co. indicates $18,000 of social security withheld and $4,500 of Medicare tax withheld on total salaries of $300,000 for the period. Assume earnings subject to state and federal unemployment compensation taxes are $13,000, at the federal rate of 0.8% and the state rate of 5.4%.

Provide the journal entry to record the payroll tax expense for the period.

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Cost Accounting: Provide the journal entry to record the payroll tax expense
Reference No:- TGS0801178

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