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The following information pertains to a weekly payroll of Fanelli Fashion Company:   a

Accounting Dec 15, 2020

The following information pertains to a weekly payroll of Fanelli Fashion Company:

 

a. The total wages earned by employees are $2,910.

b. The state unemployment insurance contribution rate is 3.75%.

c. The entire amount of wages is taxable under FICA, FUTA, and SUTA.

d. The amount withheld from the employees' wages for federal income taxes is $491; for state income taxes, $49.10; and for group insurance, $87.10.

 

Journalize the payment of wages, and record the payroll taxes for this payroll.

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