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Business, 30.05.2020 15:57 emory238

Bonita Industries's payroll for the pay period ended October 31, 2021 is summarized as follows: Department Payroll Total Wages Federal Income Tax Withheld Amount of Wages Subject to Payroll Taxes F. I.C. A. Unemployment Factory $73000 $10000 $72000 $33000 Sales 22000 3000 14000 2000 Office 18000 3000 9000 - $113000 $16000 $95000 $35000 Assume the following payroll tax rates: F. I.C. A. for employer and employee 7.65% each Unemployment 3% What amount should Bonita accrue as its share of payroll taxes in its October 31, 2021 balance sheet

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