Answer Happy

Jackson Autos has one employee. As of March 30, their employee had already earned $6,250. For the pay perlod ending April 15, their employee earned an additional $2,080 of gross wages. Only the first $2,000 of annual earnings are subject to FUTA of 0.5% and SUTA of 5,4%. The Journal entry to record the employers unemployment payroll taxes for the period ending April 15, would be Multiple Choice Credit Debit 82.22 Account Name Payroll Taxes Expense Federal Unemploynent Tax Payable State Unemployment Tax Payable 10.40 71.82 Credit Account Name Federal Unemployment Tax Payable State Unenployment Tax Payable Payroll Taxes Expense Debit 4.50 40.50 45.00 Debit 45.00 Credit Account Nome Payroll Taxes Expense Federal Unemployment Tax Payable State Unemployment Tax Payable 4.50 40.50