Question
Journalize Payroll Tax The payroll register of Wang Engineering Co. indicates $2,856 of social security withheld and $714.00 of Medicare tax withheld on total salaries
Journalize Payroll Tax
The payroll register of Wang Engineering Co. indicates $2,856 of social security withheld and $714.00 of Medicare tax withheld on total salaries of $47,600 for the period. Earnings of $13,800 are subject to state and federal unemployment compensation taxes at the federal rate of 0.6% and the state rate of 5.4%.
Provide the journal entry to record the payroll tax expense for the period. If an amount box does not require an entry, leave it blank. Round to two decimal places.
CashFederal Unemployment Tax ExpensePayroll Tax ExpenseSalaries ExpenseState Unemployment Tax ExpensePayroll Tax Expense | Payroll Tax Expense | Payroll Tax Expense | |
Accounts PayableFederal Unemployment Tax ExpenseMedicare Tax ExpenseSocial Security Tax ExpenseSocial Security Tax PayableSocial Security Tax Payable | Social Security Tax Payable | Social Security Tax Payable | |
CashFederal Unemployment Tax ExpenseMedicare Tax ExpenseMedicare Tax PayableSalaries PayableMedicare Tax Payable | Medicare Tax Payable | Medicare Tax Payable | |
Employees Federal Income Tax PayableFederal Unemployment Tax ExpensePayroll Tax ExpenseState Unemployment Tax ExpenseState Unemployment Tax PayableState Unemployment Tax Payable | State Unemployment Tax Payable | State Unemployment Tax Payable | |
CashEmployees Federal Income Tax PayableFederal Unemployment Tax ExpenseFederal Unemployment Tax PayableSalaries PayableFederal Unemployment Tax Payable | Federal Unemployment Tax Payable | Federal Unemployment Tax Payable |
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