The payroll register of Vtech Enterprises showed total employee earnings of $2,100 for the week ended August 2, 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 | ? | ? | ? | ? |
| Aug. 2 | Payroll Taxes Expense | ? | 219.45 | ? |
| ? | Social Security Tax Payable | ? | ? | 130.20 |
| ? | Medicare Tax Payable | ? | ? | 30.45 |
| ? | Federal Unemp. Tax Payable | ? | ? | 12.60 |
| ? | State Unemp. Tax Payable | ? | ? | 46.20 |
| ? | August 2 payroll | ? | ? | ? |
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