core: 0 of 10 pts 4of35(3com plete) 11-8 (similar to) Seaford Company has monthl

Question

core: 0 of 10 pts 4of35(3com plete) 11-8 (similar to) Seaford Company has monthly salaries of $14,000. Assume Seaford pays (Assume all of the monthly salary is subject to FUTA and SUTA. Record debits first, then aredits. Select the explanation on the last ine of the journal entry table) 1(Click the icon to view payrll tax rate information.) all the standard payroll taxes and no employees have reached the payroll tax limits. Journalize the acorual and payment Begin with the entry to accrue employer payroll taxes for Seaford Company Date Accounts and Explanation Debit Credit Choose from any list or enter any number in the input flelds and then click Check Answer

Explanation / Answer

Payroll tax expense 1911        Social Securirty taxes payable 868 =14000*6.2%        Medicare taxes payable 203 =14000*1.45%        SUTA taxes payable 756 =14000*5.4%        FUTA taxes payable 84 =14000*0.6%

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