Jackson Corporation employs 45 production workers and pays them all the same salary. Jackson employs 10 administrative staff personnel and pays them all the same salary. The following annual information is available for each employee group.

Required
a. Prepare the journal entry to record the annual payroll.
b. Prepare the journal entry to pay the liability for accrued salaries.
c. Prepare the journal entry necessary to record Jackson€™s payroll tax expense for the annual payroll.

Transcribed Image Text:

Description Salaries and wages Fedaral income tax rate State and local income tax rate FICA and Medicare tax rate Federal unemployment tax rate- effective State unemployment tax effective (wage cap per Production Administrative $4,500,000 1,050,675 18% 6% 765% 2.5% 22% 5% 765% 2.5% employees $7,000 1.6% 1.5%