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Payroll Entries Urban Window Company had gross wages of $287,000 during the week ended July 15. The amount of wages subject to social security tax

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Payroll Entries Urban Window Company had gross wages of $287,000 during the week ended July 15. The amount of wages subject to social security tax was $258,300, while the amount of wages subject to federal and state unemployment taxes was $36,000. Tax rates are as follows: Social security 6.0% Medicare 1.5% State unemployment 5.4% Federal unemployment 0.6% The total amount withheld from employee wages for federal taxes was $57,400. For a compound transaction, if an amount box does not require an entry, leave it blank. a. Journalize the entry to record the payroll for the week of July 15. Wages Expense 287,000 Social Security Tax Payable Medicare Tax Payable Employees Federal Income Tax Payable Wages Payable b. Journalize the entry to record the payroll tax expense incurred for the week of July 15. Payroll Tax Expense Check My Work 2 more Check My Work uses remaining. Previous Next > All work saved. Save and Exit Submit Assignment for Grading Show Me How Calculator Print Item a. Journalize the entry to record the payroll for the week of July 15. Wages Expense 287,000 Social Security Tax Payable Medicare Tax Payable Employees Federal Income Tax Payable Wages Payable b. Journalize the entry to record the payroll tax expense incurred for the week of July 15. Payroll Tax Expense Social Security Tax Payable Medicare Tax Payable State Unemployment Tax Payable Federal Unemployment Tax Payable Feedback Check My Work Remember that there is typically a maximum amount of earnings subject to state and federal unemployment taxes. Recall that the amounts calculated are amounts that are owed. Check My Work 2 more Check My Work uses remaining. Previous Next All work saved. Save and Exit Submit Assignment for Grading

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