Payroll Taxes During October, Seger Insurance employees earned $100,000 in wages. Social Security applied to...
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Accounting
Payroll Taxes
During October, Seger Insurance employees earned $100,000 in wages. Social Security applied to $86,000 of these wages, while Medicare applies to all $100,000. State and federal unemployment taxes of $1,300 and $650 are owed, respectively.
Required:
Prepare the necessary journal entry for Seger to record the employer portion of these payroll taxes. If an amount box does not require an entry, leave it either blank.
| Social Security Taxes Expense | |||
| Medicare Taxes Expense | |||
| State Unemployment Taxes Expense | |||
| Federal Unemployment Taxes Expense | |||
| Social Security Taxes Payable (Employer) | |||
| Medicare Taxes Payable (Employer) | |||
| State Unemployment Taxes Payable | |||
| Federal Unemployment Taxes Payable |
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