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Current Attempt in Progress Your answer is partially correct. During the month of February, Bridgeport Corp's employees earned wages of $66,000. Withholdings related to
Current Attempt in Progress Your answer is partially correct. During the month of February, Bridgeport Corp's employees earned wages of $66,000. Withholdings related to these wages were $5,049 for FICA, $8,520 for federal income tax, and $2,280 for state income tax. Costs incurred for unemployment taxes were $132 for federal and $192 for state. Prepare the February 28 journal entries for (a) Salaries and wages expense and salaries and wages payable assuming that all February wages will be paid in March. (b) The company's payroll tax expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation (a) Feb. 28 Salaries and Wages Expense FICA Taxes Payable Federal Income Taxes Payable State Income Taxes Payable Debit 97680 Credit 7473 9372 2508
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