The Payroll Register of Vtech Enterprises Showed Total Employee Earnings

Essay

The payroll register of Vtech Enterprises showed total employee earnings of $2,100 for the week ended August 2, 2019. Compute the employer's payroll taxes for the period. The tax rates are: Social security tax, 6.2 percent; Medicare tax, 1.45 percent; FUTA tax, 0.6 percent; SUTA tax,
2.2 percent. All earnings are taxable. Record the employer's payroll taxes for the period on page 4 of a general journal.