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Payroll Entries The payroll register for D. Swish Company for the week ended May 18 indicated the following alaries Federal income tax withheld Th. salanes
Payroll Entries The payroll register for D. Swish Company for the week ended May 18 indicated the following alaries Federal income tax withheld Th. salanes were all subject to the 6 096 social security tax and the 1.5% Medicare tax. In addition, state and federa unemployment taxes respectivey, on $14,000 of sslaries If an amount box does not require an entry, leave it blank a Journalize the entry to recerd the payrol for the week of May 18 $717,000 143,400 ere alculated at the rate of 54% and 08%, Salaries Expense 717,400 May 18 Empleyees Federal Income Tax Expense Medicare Tax Payable Payrel Taxes Expense Federal Unemployment Tax Payable b. Journalize the entry to record the payroll tax expense incurred for the week of May 18 May 18 The salaries were all subject to the 6.0% social security tax and the 1.5% Medicare tax. In add respectively, on $14,000 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 717,000 Employees Federal Income Tox Expense143,400 Medicare Tax Payable Payroll Taxes Expense Federal Unemployment Tax Payable b. Journalize the entry to record the payroll tax expense incurred for the week of May 18. May 18
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