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    lvmy2boyz's Avatar
    lvmy2boyz Posts: 1, Reputation: 1
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    #1

    Apr 15, 2012, 10:36 AM
    Free help with accounting
    Recorded employer payroll taxes, $248.95, for the semimonthly pay period ended December 15. Taxes owed are: social security tax, $181.66; Medicare tax, $42.49; federal unemployment tax, $3.20; and state unemployment tax, $21.60. M45.

    I have lines 5 through 11 on a general journal yet I don't have enough numbers to fill the lines. I am confused. Am I missing something on this?

    Thank You
    Wildsporty's Avatar
    Wildsporty Posts: 445, Reputation: 38
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    #2

    Apr 18, 2012, 07:11 AM
    You would have:
    Employee Fica
    Employer Fica
    Employee Medicare
    Employer Medicare
    Futa Tax
    Suta Tax
    State Withholding Tax

    You have deducted the tax from the employee but it also must be paid in now to the agencies. You must have payable accounts for these withheld taxes as well as the Employer taxes.

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