The following data were provided by the detailed payroll records of Journey Corporation for the month of March 20A:
Income taxes at an average 7.65% rate (no employee has reached the maximum) Required:
1. Give the March 31, 20A entry to record the payroll and related employee deductions
2. Give the March 31, 20A entry to record the employer's payroll income tax expense

Question

The following data were provided by the detailed payroll records of Journey Corporation for the month of March 20A:
  Income taxes at an average 7.65% rate (no employee has reached the maximum) Required:
1. Give the March 31, 20A entry to record the payroll and related employee deductions
2. Give the March 31, 20A entry to record the employer's payroll income tax expense

Quizplus · Accepted Answer

The Answer of The following data were provided by the detailed payroll records of Journey Corporation for the month of March 20A:
  Income taxes at an average 7.65% rate (no employee has reached the maximum) Required:
1. Give the March 31, 20A entry to record the payroll and related employee deductions
2. Give the March 31, 20A entry to record the employer's payroll income tax expense

The Following Data Were Provided by the Detailed Payroll Records