The payroll register of Rapid Repairs showed total employee earnings of $1,870 for the week ended April 5, 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 | ? | ? | ? | ? |
| Apr. 5 | Payroll Taxes Expense | ? | 195.42 | ? |
| ? | Social Security Tax Payable | ? | ? | 115.94 |
| ? | Medicare Tax Payable | ? | ? | 27.12 |
| ? | Federal Unemp. Tax Payable | ? | ? | 11.22 |
| ? | State Unemp. Tax Payable | ? | ? | 41.14 |
| ? | April 5 payroll | ? | ? | ? |
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