Payroll Tax Entries

According to a summary of the payroll of Guthrie Co., $637,000 was subject to the 6.0% social security tax and $784,000 was subject to the 1.5% Medicare tax. Also, $21,000 was subject to state and federal unemployment taxes.

a. Calculate the employer's payroll taxes, using the following rates: state unemployment, 4.2%; federal unemployment, 0.6%. $______

b. Journalize the entry to record the accrual of payroll taxes. If an amount box does not require an entry, leave it blank.

Options: Cash, Medicare Tax Payable, Payroll Tax Expense, Social Security Tax Payable, State Unemployment Tax Payable	_____	_____
Options: Cash, Payroll Tax Expense, Salaries Expense, Social Security Tax Expense, Social Security Tax Payable	_____	_____
Options: Cash, Medicare Tax Payable, Payroll Tax Expense, Salaries Expense, Salaries Payable	_____	_____
Options: Cash, Payroll Tax Expense, Salaries Payable, State Unemployment Tax Expense, State Unemployment Tax Payable	_____	_____
Options: Cash, Federal Unemployment Tax Expense, Federal Unemployment Tax Payable, Payroll Tax Expense, Salaries Payable	_____	_____