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Business, 31.03.2020 04:57 sarahgilbert8677

The following totals for the month of March were taken from the payroll records of Pharoah Company. Salaries $334800 FICA taxes withheld 25610 Income taxes withheld 73700 Medical insurance deductions 4855 Federal unemployment taxes 2680 State unemployment taxes 16700 The entry to record accrual of employer’s payroll taxes would include a debit to Payroll Tax Expense for $118690 credit to Payroll Tax Expense for $44990. debit to Payroll Tax Expense for $44990 debit to FICA Taxes Payable for $25610.

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The following totals for the month of March were taken from the payroll records of Pharoah Company....
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