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(Solved): AZT Company has one employee. She has earned $5,778 through March 15th. She will be paid $1,364 on t ...



AZT Company has one employee. She has earned $5,778 through March 15th. She will be paid $1,364 on the current pay period ending March 31st. FICA Social Security taxes are 6.2% of the first $118,500 of wages and FICA Medicare taxes are 1.45% of wages. FUTA taxes are 0.6% of the first $7,000 of wages and SUTA taxes are 5.4% of the first $7,000 of wages. The employee will have $204.60 withheld for Federal income taxes and $68.20 for State income taxes for this pay period. What journal entry should AZT Company prepare to record the Employee's pay and payroll taxes withheld from the employee on March 31st. The employee will not actually receive her pay for the March 31st payroll until the following Friday, April 8th. (Round your answers to the nearest whole cent.)



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Debit Credit Salaries expense 1364.00 FICA S
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