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Payroll entries The payroll register for D. Salah Company for the week ended May 18 indicated the following: The salaries were all subject to the
Payroll entries The payroll register for D. Salah Company for the week ended May 18 indicated the following: 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 computed at the rate of 5.4% and 0.8%, respectively, on $48,000 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. N Feedback Check My Work 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. b. Journalize the entry to record the payroll tax expense incurred for the week of May 18
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