MRI Company has one employee. FICA Social Security taxes are 6.2% of the first $106,800...
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| MRI Company has one employee. FICA Social Security taxes are 6.2% of the first $106,800 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For MRI, its FUTA taxes are 0.8% and SUTA taxes are 2.9% of the first $7,000 paid to its employee. |
| Gross Pay through August | Gross Pay for September | |||
| a. | $ | 6,680 | $ | 835 |
| Prepare the employers September 30 journal entries to record the employers payroll taxes expense and its related liabilities. (Round your answers to 2 decimal places. Omit the "$" sign in your response) |
| Date | General Journal | Debit | Credit | |
| Sept. | 30 | |||
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