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Susan Marion earns a salary of $8,150 per month during the year. FICA taxes are...

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Accounting

Susan Marion earns a salary of $8,150 per month during the year. FICA taxes are 7.65% on the first $132,900 of gross earnings. Federal unemployment insurance taxes are 0.6% of the first $7,000; however, a credit is allowed equal to the state unemployment insurance taxes of 5.4% on the $7,000. During the year. $31,700 was with eld for federal income taxes and $11,800 was withheld for state income taxes.
(a)
Prepare a journal entry summarizing the payment of Susan's total salary during the year. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries. Round answers to 0 decimal places, e.g.5,275.)
Account Titles and Explanation
Debit
Credit
image

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