Payroll Accounting | Comprehensive Example | Financial Accounting Course CPA Simulation

[@mohdshirzad664]

Great!

[@AccountingLectures]

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[@saeedomer1383]

thanks for your explanation but i have one question what is the different bt Salary Exp and Payroll exp. E.g you have credited twice payable of FICA account. So plz make clear explanation the reason to twice payables.

[@mahsamarivani851]

Thank you for your great videos. I have a question, for second employee the net payment:
500-100-12-31-7.25-25=324.75
I cant understand where the amount of 336.75 come from?

[@Effortless_Accounting]

FUTA payroll tax is based on employees' wages, it is imposed on employers only, not their employees.
Hope this helps champ.

[@Effortless_Accounting]

same with SUTA