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During the month of February, Bramble Corp.'s employees earned wages of $111,000. Withholdings related to these wages were $8,492 for Social Security (FICA), $10,650 for
During the month of February, Bramble Corp.'s employees earned wages of $111,000. Withholdings related to these wages were $8,492 for Social Security (FICA), $10,650 for federal income tax, and $2,850 for state income tax. Costs incurred for unemployment taxes were $165 for federal and $240 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 tities are automatically indented when amount is entered. Do not indent manually No. Date Account Titles and Explanation Debit Credit a) Feb. 28 b) Feb. 28 All Rights 2-29 AMM
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