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journal entries to record tax credit for paid sick leave under FFCRA  

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(@krista-4)
Joined: 8 months ago
Posts: 1
08/05/2020 4:06 pm  

What journal entries should I use to record tax credit for paid sick leave under FFCRA?  


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(@casey-4)
Joined: 8 months ago
Posts: 83
08/05/2020 4:54 pm  

DR Liability and CR Payroll Tax exp.


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 Judy Tang
(@Judy Tang)
Joined: 3 weeks ago
Posts: 1
14/05/2020 11:46 pm  

Well noted for your reply as 

Dr.  Liability

Cr.  Payroll tax expense

1.  Do I need to set up a new GL account?

2.  Refer our current payroll vendor's report, the total tax debited amount which is already deducted the tax credit.  How do I record it?

Best Regards


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