Karen Law firm has paid $52,400.00 in salaries for the first quarter. Ms. Karen has computed the payroll taxes that must be paid as follows: FICA $4,008.60, FUTA $314.40, and SUTA $2,829.60. Prepare the journal entry to record these payroll taxes. (

College Accounting (Book Only): A Career Approach
12th Edition
ISBN:9781305084087
Author:Cathy J. Scott
Publisher:Cathy J. Scott
Chapter8: Employer Taxes, Payments, And Reports
Section: Chapter Questions
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Karen Law firm has paid $52,400.00 in salaries for the first quarter. Ms. Karen has computed the payroll taxes that must be paid as follows: FICA $4,008.60, FUTA $314.40, and SUTA $2,829.60.

Prepare the journal entry to record these payroll taxes. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 52.75.)

Account Titles and Explanation
Debit
Credit
 
 
 
 
 
 
 
 
 
 
 
 
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