Prepare (a) the journal entry to record the weekly payroll ending January 15 and (b) also the employer’s payroll tax expense on the payroll.
Oates Company's payroll for the week ending January 15 amounted to $95,000 for Office Salaries and $150,000 for Store Wages. None of the employees has reached the earnings limits specified for federal or state employer payroll taxes. The following deductions were withheld from employees' salaries and wages:
Federal Income Tax $50,000
State Income Tax 9,000
FICA Taxes 19,600
Union Dues 2,700
United Fund 1,800
Federal
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Prepare (a) the
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