Perez Company has the following information for the pay period of January 15–31. Gross payroll $20,000...

Perez Company has the following information for the pay period of January 15–31.

Gross payroll	$20,000	Federal income tax withheld	$2,500
Social security rate	6%	Federal unemployment tax rate	0.8%
Medicare rate	1.5%	State unemployment tax rate	5.4%

Assuming no employees are subject to ceilings for their earnings, calculate Salaries Payable and Payroll Tax Expense.

Salaries Payable	$
Payroll Tax Expense	$

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ekkarill92 answered 2 years ago

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