Payroll Tax Entries

According to a summary of the payroll of Guthrie Co., $480,000 was subject to the 6.0% social security tax and the 1.5% Medicare tax. Also, $16,000 was subject to state and federal unemployment taxes.

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a. Compute the employer's payroll taxes, using the following rates: state unemployment, 5.4%; federal unemployment, 0.6%. $fill in the blank

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

blank	CashMedicare Tax PayablePayroll Tax ExpenseSocial Security Tax PayableState Unemployment Tax PayablePayroll Tax Expense	Payroll Tax Expense	Payroll Tax Expense
	CashPayroll Tax ExpenseSalaries ExpenseSocial Security Tax ExpenseSocial Security Tax PayableSocial Security Tax Payable	Social Security Tax Payable	Social Security Tax Payable
	CashMedicare Tax PayablePayroll Tax ExpenseSalaries ExpenseSalaries PayableMedicare Tax Payable	Medicare Tax Payable	Medicare Tax Payable
	CashPayroll Tax ExpenseSalaries PayableState Unemployment Tax ExpenseState Unemployment Tax PayableState Unemployment Tax Payable	State Unemployment Tax Payable	State Unemployment Tax Payable
	CashFederal Unemployment Tax ExpenseFederal Unemployment Tax PayablePayroll Tax ExpenseSalaries PayableFederal Unemployment Tax Payable	Federal Unemployment Tax Payable	Federal Unemployment Tax Payable