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
DATEDESCRIPTIONP.R.DEBITCREDIT
 2019????
June 7Payroll 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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