PAYROLL ACCOUNTING. Stadium Manufacturing has the following data available for its September 30, 19x8, payroll:

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.

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Wages earned Federal income tax withheld State income tax withheld $183,000* 45,900 *All subject to FICA matching and withholding at 7.65%. 4,300 Federal unemployment tax at .8% is payable on wages of $4,000, and state unemploy. ment tax at 3% is payable on the same amount of wages.