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Journalize Payroll Tax The payroll register of Wang Heritage Co indicates $2,934 of social security withheld and $733.50 of Medicare tax withheld on total salaries

Journalize Payroll Tax

The payroll register of Wang Heritage Co indicates $2,934 of social security withheld and $733.50 of Medicare tax withheld on total salaries of $48,900 for the period. Earnings of $14,700 are subject to state and federal unemployment compensation taxes at the federal rate of 0.8% 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.

Payroll Tax Expense fill in the blank 2 fill in the blank 3
Social Security Tax Payable fill in the blank 5 fill in the blank 6
Medicare Tax Payable fill in the blank 8 fill in the blank 9
State Unemployment Tax Payable fill in the blank 11 fill in the blank 12
Federal Unemployment Tax Payable fill in the blank 14 fill in the blank 15

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