Widmer Company had gross wages of $350,000 during the week ended June 17. The amount of wages subject to social security tax was $350,000, while the amount of wages subject to federal and state unemployment taxes was $52,500. Tax rates are as follows:

The total amount withheld from employee wages for federal taxes was $70,000.
a. Journalize the entry to record the payroll for the week of June 17.
b. Journalize the entry to record the payroll tax expense incurred for the week of June 17.

Transcribed Image Text:

Social security Medicare State unemployment Federal unemployment 6.0% 1.5% 5.4% 0.8%