Natalle is considering hiring two permanent employees who are paid on an hourly basis plus...

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Accounting

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Natalle is considering hiring two permanent employees who are paid on an hourly basis plus time-and-a-haif for all hours worked in exceis of to hours per week she is cunour as to how this would affect her company's financlal position. She has created some hypothetical payroll data which are presented below. $128400 and the Medicare tax rate of 1.45% on all salaries and wages. State income taxes are 4. Federal and state unemployinent taver are 0.6 and 5.4i on the trat $7.000 of wages pald to ant employee during the year. $128400 and the Medicare tax rate of 1.45% on all salaries and wages. State income taxes are 4%. Federal and state unemploment taves are 0.68 and 5.4% on the first 57.000 of wages paid to an employee during the year. CuEl al and state unemployment taxes are 0.6% and tax rate of 6.2% on salaries and wages up to Natalie is considering hiring two permanent employees who are paid on an hurly basis plus time-and-a-half for all hours worked in excess of 40 hours per week. She is curious as to how this would affect her company's financial position. She has created some hypothetical payroll data which are presented below. Borke and Clarke are each married and they claim 1 and 2 witholding allowances, respectively. The 7.65\% FiCA tax rate consists of the Social Security tax rate of 6.2% on salaries and wages up to $128400 and the Medicare tax rate of 1.45% on all salaries and wases State income taxes are 4%. Federal and state unemployment taxes are 0.6% and 5.4% on the first 57.000 of wapes paid to an employee during the year. during the year. Deductions What journal entry would be made to record the employer's payroll taxes on this hypothetical payroll? (Round answers to 2 decin places, e.g. 15.25. Credit account tities are automatically indented when amount is eentered. Do not indent manually) (To record employer's payroll taxes on une payrun)

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