The payroll register of Burdick Travel Agency showed total employee earnings of $5,280 for the week ended June 7, 2019. Compute the employer's payroll taxes for the period. The tax rates are: Social security tax, 6.2 percent; Medicare tax, 1.45 percent; FUTA tax, 0.6 percent; SUTA tax, 2.2 percent. All earnings are taxable. Record the employer's payroll taxes for the period on page 4 of a general journal.
What will be an ideal response?
| GENERAL JOURNAL PAGE 4 | ||||
| DATE | DESCRIPTION | P.R. | DEBIT | CREDIT |
| 2019 | ? | ? | ? | ? |
| June 7 | Payroll Taxes Expense | ? | 551.76 | ? |
| ? | Social Security Tax Payable | ? | ? | 327.36 |
| ? | Medicare Tax Payable | ? | ? | 76.56 |
| ? | Federal Unemp. Tax Payable | ? | ? | 31.68 |
| ? | State Unemp. Tax Payable | ? | ? | 116.16 |
| ? | June 7 payroll | ? | ? | ? |
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