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Payroll Information for Kinzer's Interior Decorating for the First Week

Question 90

Essay

Payroll information for Kinzer's Interior Decorating for the first week in October is as follows:
Payroll information for Kinzer's Interior Decorating for the first week in October is as follows: Assume the following tax rates: \begin{array} { l r } \text { FICA: OASDI } & 6.2 \% \\ \text { FICA: Medicare } & 1.45 \% \\ \text { Federal unemployment } & 0.8 \% \\ \text { State unemployment } & 2.0 \% \end{array} Required: Prepare the payroll tax expense entry.
Assume the following tax rates:
 FICA: OASDI 6.2% FICA: Medicare 1.45% Federal unemployment 0.8% State unemployment 2.0%\begin{array} { l r } \text { FICA: OASDI } & 6.2 \% \\\text { FICA: Medicare } & 1.45 \% \\\text { Federal unemployment } & 0.8 \% \\\text { State unemployment } & 2.0 \%\end{array}
Required: Prepare the payroll tax expense entry.

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