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Record the journal entry for the payroll

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Reference no: EM131583885

Problem - JR Corporation's payroll for December, 2015:

Administrative salaries - $16,000

Sales salaries - 32,000

Total payroll - $48,000

Wages subject to FICA taxes (6.2% + 1.45%) - $48,000

Wages subject to FUTA and state unemployment taxes - $12,000

Federal income taxes withheld from all salaries - $ 6,200

The company is required to pay a 2.7% state unemployment tax and a 0.8% federal unemployment tax. 

a. Record the journal entry for the payroll.

b. Record the entry for the employer's payroll taxes.

Reference no: EM131583885

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