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Payroll Entries The payroll register for D. Salah Company for the week ended May 18 indicated the following: Salaries $462,000 Federal income tax withheld 92,400
Payroll Entries
The payroll register for D. Salah Company for the week ended May 18 indicated the following:
Salaries | $462,000 |
Federal income tax withheld | 92,400 |
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 $9,000 of salaries.
If an amount box does not require an entry, leave it blank.
The payroll register for D. Salah Company for the week ended May 18 indicated the following: Salaries $462,000 92,400 Federal income tax withheld 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 $9,000 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 b. Journalize the entry to record the payroll tax expense incurred for the week of May 18. May 18Step by Step Solution
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