Comments for LLC Member Draw Bookkeeping Question

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Feb 04, 2012
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Employer Portion of Payroll Taxes
by: Dave

The employer portion of payroll taxes is an expense. Usually one can title the expense as Payroll tax expense. This can include employer portions of SSI and Medicare. You may or may not want to add another expense account for unemployment taxes as these are also considered a payroll expense. Since you can't have employees without paying all of these necessary evils (taxes).

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