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The payroll of Sarasota Company for September 2019 is as follows. Total payroll was $446,000, of which $106,000 is exempt fro

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Account Titles and Explanation Debit Credit
Salaries and Wages Expense 446000
       Withholding Income Taxes Payable 78700
       FICA Taxes Payable 27547 =(446000-106000)*7.65%+(106000*1.45%)
      Union Dues Payable 8900
      Cash 330853
Account Titles and Explanation Debit Credit
Payroll Tax Expense 28467
       FICA Taxes Payable 27547
       FUTA Taxes Payable 368 =(446000-400000)*0.8%
       SUTA Taxes Payable 552 =(446000-400000)*(3.5%-2.3%)
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