Payroll Entries The A multi column report used to assemble and summarize payroll data at the end of each payroll period payroll register for D Salah Company for the week ended May 18 indicated the following Salaries $614,000 Federal income tax withheld 122,800 The salaries were all subject to the 6 0 social security tax and the 1 5 Medicare tax In addition, state and federal unemployment taxes were calculated at the rate of 5 4 and 0 8 , respectively, on $12,000 of salaries If an amount box does not require an entry, leave it blank a Journalize the entry to record the payroll for the week of May 18 May 18 Salaries Expense Cash Medicare Tax Payable Salaries Expense Social Security Tax Payable State Unemployment Tax Payable Social Security Tax Payable Cash Employees Federal Income Tax Expense Salaries Expense Social Security Tax Expense Social Security Tax Payable Medicare Tax Payable Cash Federal Unemployment Tax Payable Medicare Tax Payable Payroll Tax Expense Salaries Expense Employees Federal Income Tax Payable Cash Employees Federal Income Tax Payable Payroll Taxes Expense State Unemployment Tax Expense State Unemployment Tax Payable Salaries Payable Cash Federal Unemployment Tax Expense Federal Unemployment Tax Payable Payroll Taxes Expense Salaries Payable Feedback Gross pay is the amount that employees have earned before taxes and deductions A portion of employees' earnings are owed for such items as state and federal taxes Net pay is also known as take home pay Learning Objective 2 b Journalize the entry to record the payroll tax expense incurred for the week of May 18 May 18 Payroll Tax Expense Cash Medicare Tax Payable Payroll Tax Expense Social Security Tax Payable State Unemployment Tax Payable Social Security Tax Payable Cash Payroll Tax Expense Salaries Expense Social Security Tax Expense Social Security Tax Payable Medicare Tax Payable Cash Medicare Tax Payable Payroll Tax Expense Salaries Expense Salaries Payable State Unemployment Tax Payable Cash Payroll Tax Expense Salaries Payable State Unemployment Tax Expense State Unemployment Tax Payable Federal Unemployment Tax Payable Cash Federal Unemployment Tax Expense Federal Unemployment Tax Payable Payroll Tax Expense Salaries Payable

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Payroll Entries The A multi-column report used to assemble and summarize payroll data at the end of each payroll period.payroll register for D. Salah Company

Payroll Entries

The A multi-column report used to assemble and summarize payroll data at the end of each payroll period.payroll register for D. Salah Company for the week ended May 18 indicated the following:

Salaries	$614,000
Federal income tax withheld	122,800

The salaries were all subject to the 6.0% social security tax and the 1.5% Medicare tax. In addition, state and federal unemployment taxes were calculated at the rate of 5.4% and 0.8%, respectively, on $12,000 of salaries.

If an amount box does not require an entry, leave it blank.

a. Journalize the entry to record the payroll for the week of May 18.

May 18	Salaries Expense Cash Medicare Tax Payable Salaries Expense Social Security Tax Payable State Unemployment Tax Payable
	Social Security Tax Payable Cash Employees Federal Income Tax Expense Salaries Expense Social Security Tax Expense Social Security Tax Payable
	Medicare Tax Payable Cash Federal Unemployment Tax Payable Medicare Tax Payable Payroll Tax Expense Salaries Expense
	Employees Federal Income Tax Payable Cash Employees Federal Income Tax Payable Payroll Taxes Expense State Unemployment Tax Expense State Unemployment Tax Payable
	Salaries Payable Cash Federal Unemployment Tax Expense Federal Unemployment Tax Payable Payroll Taxes Expense Salaries Payable

Feedback

Gross pay is the amount that employees have earned before taxes and deductions. A portion of employees' earnings are owed for such items as state and federal taxes. Net pay is also known as take home pay.

Learning Objective 2.

b. Journalize the entry to record the payroll tax expense incurred for the week of May 18.

May 18	Payroll Tax Expense Cash Medicare Tax Payable Payroll Tax Expense Social Security Tax Payable State Unemployment Tax Payable
	Social Security Tax Payable Cash Payroll Tax Expense Salaries Expense Social Security Tax Expense Social Security Tax Payable
	Medicare Tax Payable Cash Medicare Tax Payable Payroll Tax Expense Salaries Expense Salaries Payable
	State Unemployment Tax Payable Cash Payroll Tax Expense Salaries Payable State Unemployment Tax Expense State Unemployment Tax Payable
	Federal Unemployment Tax Payable Cash Federal Unemployment Tax Expense Federal Unemployment Tax Payable Payroll Tax Expense Salaries Payable