fill in the blank question\na companys payroll register showed total employee earnings of $500 for the…

fill in the blank question\na companys payroll register showed total employee earnings of $500 for the payroll period ended june 30. the employers share of the social security tax is $31.00 and medicare tax is $7.25. the general journal entry to record the employers payroll taxes for the period will include a (debit/credit) to the payroll tax expense account in the amount of $

fill in the blank question\na companys payroll register showed total employee earnings of $500 for the payroll period ended june 30. the employers share of the social security tax is $31.00 and medicare tax is $7.25. the general journal entry to record the employers payroll taxes for the period will include a (debit/credit) to the payroll tax expense account in the amount of $

Answer

Explanation:

Step1: Understand payroll tax expense

Payroll tax expense for employer is sum of social - security and Medicare taxes.

Step2: Calculate total payroll tax expense

$31.00 + 7.25=38.25$ Also, payroll tax expense is debited when recording employer's payroll taxes.

Answer:

debit; $38.25$