Answer:
Date X, Month Y, payroll taxes expense
Dr FICA (OASDI) taxes expense 2,058
Dr FICA (Medicare) taxes expense 514.50
Dr FUTA taxes expense 84.80
Dr SUTA taxes expense 572.40
Cr Dr FICA (OASDI) taxes payable 2,058
Cr FICA (Medicare) taxes payable 514.50
Cr FUTA taxes payable 84.80
Cr SUTA taxes payable 572.40
Step-by-step explanation:
The amount of employer's FICA taxes expense is the same as the FICA taxes withheld from employees' salaries. Since the question asked for the journal entry to record payroll taxes, wages expense is not included.
