Payroll entries

The payroll register for D$.$ Salah Company for the week ended May $18$ indicated the following:

Line Item Description Amount

Salaries $$629,000$

Federal income tax withheld $125,800$

The salaries were all subject to the $6\mathrm{.}0\%$ social security tax and the $1\mathrm{.}5\%$ Medicare tax. In addition, state and federal unemployment taxes were computed at the rate of $5\mathrm{.}4\%$ and $0\mathrm{.}8\%,$ respectively, on $$12,000$ of salaries.

Assume the company runs all paychecks through Salaries Payable. If an amount box does not require an entry, leave it blank.

Question Content Area

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

DateAccountDebitCredit

May $18$

Salaries Expense

$629,000$

Social Security Tax Payable

$37,740$

Medicare Tax Payable

$9,435$

Employees Federal Income Tax Payable

$125,800$

Salaries Payable

$456,025$

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

DateAccountDebitCredit

May $18$

Payroll Tax Expense

Social Security Tax Payable

Medicare Tax Payable

State Unemployment Tax Payable

Federal Unemployment Tax Payable