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Payroll Entries Urban Window Company had gross wages of $249,000 during the week ended July 15. The emexint of wages subject to social security tax

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Payroll Entries Urban Window Company had gross wages of $249,000 during the week ended July 15. The emexint of wages subject to social security tax was 1224,100, while the mount at wager subject to federal and state unemployment taxes was 331,000 Tax rates are as follows Social security 6.0% Medicare 2.5 State unemployment 5.49 Federal unemployment 06 The total amount withheld from employee wages for federal taxes was 149,000 for a compound transaction, it an amount box does not require an entry, love it blank 226100 X a. Journalize the entry to record the payroll for the week of July 151 Wages Expense 22.00 Social Security Tax Payable Medicare Tax Payable Employees Federal Income Tax Payable Wages Payable 5715 x 146 X 23X MW Gonnay the amount that empresave earned before and and duction portion of employees as well as chat oder Day is also nown as take home pay Wages Payable 2 X Genes day as the amount that employees have earned before taxes and toutons. A portion of employeesownings we owed for each tenu as state and federa tewas. Met pay is shown as take home pay b. Joumalize the entry to record the payroll tax expected for the week of 15 Payroll Tax Expense v 2241 Social Security Tax Payable 224.100 Medicare Tax Payable TS X State Unemployment Tax Payable 1674 Federal Unemployment Tax Payable IIIII TO Rember that there is typical out of it to state and forest Recall that the Owe Party

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