According to records, Borges Distributors, $1,110,000 was
subject to 6.0% SS tax and the 1.5% Medicare tax. Also, $50,000 was
subject to state and federal unemployment taxes.
a. Calculate the employer’s payroll taxes, using 4.2% for SUTA,
and .8% for FUTA.
____________________________________________________________
_____________________________________________________________
_____________________________________________________________
______________________________________________________________
______________________________________________________________
b Journalize the entry to record the payroll taxes
______________________________________________________________
______________________________________________________________
_______________________________________________________________
_______________________________________________________________
_______________________________________________________________