Payroll entries

Widmer Company had gross wages of $$309,000$ during the week ended June $17.$ The amount of wages subject to social security tax was $$278,100,$ while the amount of wages subject to federal and state unemployment taxes was $$39,000.$ Tax rates are as follows:

Line Item Description Percentage

Social security $6\mathrm{.}0\%$

Medicare $1\mathrm{.}5\%$

State unemployment $5\mathrm{.}4\%$

Federal unemployment $0\mathrm{.}8\%$

The total amount withheld from employee wages for federal taxes was $$61,800.$

If an amount box does not require an entry, leave it blank. If required, round answers to two decimal places.

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a$.$ Journalize the entry to record the payroll for the week of June $17.$

DateAccountDebitCredit

June $7$

Wages Expense

$309,000$

Social Security Tax Payable

$185,400$

Medicare Tax Payable

$4,635$

Employees Federal Income Tax Payable

$39,000$

Wages Payable

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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.

Question Content Area

b$.$ Journalize the entry to record the payroll tax expense incurred for the week of June $17.$

DateAccountDebitCredit

June $7$

Payroll Tax Expense

Social Security Tax Payable

Medicare Tax Payable

State Unemployment Tax Payable

Federal Unemployment Tax Payable