How to Account for Employer Payroll and Deductions

Описание к видео How to Account for Employer Payroll and Deductions

In this video, you will learn: the different types of employer payroll taxes and how they are calculated, how to apply the $7,000 limit for unemployment taxes on employee payroll,
and how to record the journal entry for employer payroll taxes.

This video will help you understand the concepts and formulas of employer payroll taxes and how they affect the accounting equation. We will also go through a detailed example of a college dining hall that pays its employee $4,000 and has to pay various payroll taxes to the government.

Jonathan M. Wild
www.wildaccounting.com

#accounting #accountingbasics #accountingstudent #financialaccounting #payroll #taxdeductions

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