ACC 205 W4 - Assignment

1.       

Salaries Expense
$50,000
 
 
Social Security taxes
 
$2,000
 
Medicare taxes
 
$750
 
Federal Income taxes
 
$7,500
 
State income taxes
 
$2,000
 
Insurance withholdings
 
$500
 
Net Payroll
 
$37,250
 

Payroll tax expenses
$5,850
 
 
Matching social security taxes
 
$2,000
 
Medicare
 
$750
 
Federal unemployment taxes
 
$400
 
State unemployment taxes
 
$2,700
 
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