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Journalize payroll tax The payroll register of Heritage Co. indicates $1,110 of social security withheld and $277.50 of Medicare tax withheld on total salaries of
Journalize payroll tax
The payroll register of Heritage Co. indicates $1,110 of social security withheld and $277.50 of Medicare tax withheld on total salaries of $18,500 for the period. Earnings of $5,700 are subject to state and federal unemployment compensation taxes at the federal rate of 0.8% and the state rate of 5.4%.
Journalize the entry to record the payroll tax expense for the period. If an amount box does not require an entry, leave it blank. Round your answers to two decimal places.
blank | Account | Debit | Credit |
---|---|---|---|
blank | CashFederal Unemployment Tax ExpensePayroll Tax ExpenseSalaries ExpenseState Unemployment Tax Expense | ||
Accounts PayableFederal Unemployment Tax ExpenseMedicare Tax ExpenseSocial Security Tax ExpenseSocial Security Tax Payable | |||
CashFederal Unemployment Tax ExpenseMedicare Tax ExpenseMedicare Tax PayableSalaries Payable | |||
Employees Federal Income Tax PayableFederal Unemployment Tax ExpensePayroll Tax ExpenseState Unemployment Tax ExpenseState Unemployment Tax Payable | |||
CashEmployees Federal Income Tax PayableFederal Unemployment Tax ExpenseFederal Unemployment Tax PayableSalaries Payable |
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