The payroll register of Cliff’s Auto Detailers showed total employee earnings of $4,000 for the week ended April 8, 2013.
INSTRUCTIONS
1. Compute the employer’s payroll taxes for the period. The tax rates are as follows:
Social security
6.2 percent
Medicare
1.45
FUTA
0.8
SUTA
2.2
2. Prepare a general journal entry to record the employer’s payroll taxes for the period. Use journal page 28.
Analyze: If the FUTA tax rate had been 1.2 percent, what total employer payroll taxes would have been recorded?
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