Question
2. (10 points) Widmer Company had gross wages of $240,000 during the week ended Jun 17. The amount of wages subject to social security tax
2. (10 points) Widmer Company had gross wages of $240,000 during the week ended Jun 17. The amount of wages subject to social security tax was $240,000, while the amount of wages subject to federal and state unemployment taxes was $35,000. Tax rates are as follows: Social Security 6% Medicare 1.5% State unemployment 5.4% Federal unemployment 0.8% The total amount withheld from employee wages for federal taxes was $48,000. a. Journalize the entry to record the payroll employees earning report for the week of June 17. Date Account Name Debit Credit b: Journalize the entry to record the payroll tax expense incurred for the week of June 17 on Dec 27. (5 points) Date Account Name Debit Credit
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