According to a summary of the payroll of guthrie co., $720,000 was subject to the 6.0% social security tax and the 1.5% medicare tax. also, $60,000 was subject to state and federal unemployment taxes.
required:
a. calculate the employer’s payroll taxes, using the following rates: state unemployment, 5.4%; federal unemployment, 0.6%.
b. on december 31, journalize the entry to record the accrual of payroll taxes. refer to the chart of accounts for exact wording of account titles

Read the scenario. alfonso is 19 years old and has a high school diploma. recently, he was promoted to assistant manager at the fast-food restaurant where he has worked since the age of sixteen. his dream is to become the restaurant’s manager. what is his best option for achieving his dream? he should find another job and work his way up to a higher position. he should hope that his manager transfers to another location and that he is his replacement. he should attend classes at the local college to receive training in management. he should work hard, work longer hours, and remain assistant manager.