FINISH:

REVIEW:

  1. In the payroll register, what is the dollar amount is used to calculate an employer’s state unemployment tax/federal unemployment tax?
  2. In the payroll register, what dollar amount is used to calculate social security tax?
  3. In the payroll register, what dollar amount is used to calculate Medicare tax?
  4. How is FICA calculated?

Chapter 7

    1. Log in to cengagenow
    2. Click Study Tools
    3. Click Adaptive Study Plans
    4. Next to Chapter 8 – Employer Taxes, Payments, and Reports click Resume Studying
    5. Under Objectives & Study Materials click 2. Journalize the entry for the deposit of employees’ federal income taxes withheld and FICA taxes (both employees’ withheld and employer’s share) and prepare the deposit.
    6. Under Study Materials click eBook – 8.2: Payments of Fica Taxes and Employees’ Federal Income Tax Withholding & eBook – 8.3: Payments of State Unemployment Tax follow along while watching this video
    7. WATCH: Show Me How: Journalize the entry for the deposit of employees’ federal income taxes withheld and FICA taxes (both employees’ withheld and employer’s share) and prepare the deposit. &
    8. DO–SHOW ME AS YOU FINISH EACH ONE:
    9. WATCH: Show Me How: Journalize the entries for the payment of employer’s state and federal unemployment taxes.
    10. DO–SHOW ME AS YOU FINISH EACH ONE: