PAYROLL ACCOUNTING Stadium Manufacturing has the following data available for its September 30, 2009, payroll:

Wages earned $183,000*

Federal income tax withheld 45,900 State income tax withheld 4,300

* All subject to Social Security and Medicare matching and withholding of 6.2% and 1.45%, respectively.

Federal unemployment tax at 0.8 percent is payable on wages of $4,000, and state unemployment tax at 3.0 percent is payable on the same amount of wages.

Required:

Compute the amounts of taxes payable and the amount of wages that will be paid to employees. Then prepare the journal entries to record the wages earned and the payroll taxes.