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EX 10-13 Payroll entries Obj. 2 Widmer Company had gross wages of $240,000 during the week ended June 17. The amount of wages subject to
EX 10-13 Payroll entries Obj. 2 Widmer Company had gross wages of $240,000 during the week ended June 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 SHOW ME HOW follows Social security Medicare State unemployment Federal unemployment 6.0% 1.5% 5.4% 0.8% The total amount withheld from employee wages for federal taxes was $48,000. A. Journalize the entry to record the payroll for the week of June 17. B. Journalize the entry to record the payroll tax expense incurred for the week of June 17
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