Calculating and Journalizing Payroll Tax Expense (Part 2)

The video tutorial explains how to calculate and record payroll tax expenses from the employer's perspective. It covers FICA taxes, including Social Security and Medicare, and unemployment taxes like SUTA and FUTA. The tutorial provides detailed calculations and demonstrates how to make corresponding journal entries. It concludes with a brief overview of potential additional employer contributions, setting the stage for future discussions.

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