1Oct 31, 20X1Salaries expense40,000.00 Social security tax payable 799.80 Medicare tax payable 580.00 Employee income tax payable 11,120.00 Salaries payable 27,500.20 2Oct 31, 20X1Salaries payable27,500.20 Cash 27,500.20

You do not include Michelle Clark or Tom Bradley they would be their own journal entry as they are independent contractors. This would change all the totals.

Employee NameCumulative earningsMonthly paySocial securityMedicareEmployee income tax withholdingNet payTori Parker$160,000.00$20,000.00$0.00t$290.00$5,600.00$14,110.00Carolyn Catz126,000.0014,000.00427.80203.004,200.009,169.20Will Wu54,000.006,000.00372.0087.001,320.004,221.00 Totals$340,000.00$40,000.00$799.80$580.00$11,120.00$27,500.20