Solution-Compute the employer payroll tax expense

Compute the employer payroll tax expense

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Question - In March, gross earnings of Pearl Company totaled 250,000. All earnings are subject to 7.65% FICA taxes, 5.4% state unemployment taxes and 0.8% federal unemployment taxes.

1) Compute the employer's payroll tax expense.

2) Prepare the entry to record payroll taxes.

Reference no: EM132625873

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Compute the employer payroll tax expense : In March, gross earnings of Pearl Company totaled 250,000. Compute the employer's payroll tax expense. Prepare the entry to record payroll taxes

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Compute the employer payroll tax expense

Reference no: EM132625873

Reference no: EM132625873

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