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please do the journal entries. Chart of Accounts Journal Instructions Widmer Company had grosswages of 320,000 during the week ended June 17. The amount of
please do the journal entries.
Chart of Accounts Journal Instructions Widmer Company had grosswages of 320,000 during the week ended June 17. The amount of wages subject to social security tax was $320,0o0, while the amount of wages subject to federal and state unemployment taxes was s25,000. Tax rates are as follows: Social security Medicare State unemployment Federal unemployment 6.0% 1.5% S-4% 0.8% The total amount withheld from employee wages for federal taxes was $46,000 Required: a. Journalize the entry to record the payroll for the week of June 17.* b. Journalize the entry to record the payroll tax expense incurred for the week of June 17." * Refer to the Chart of Accounts for exact wording of account titlesStep by Step Solution
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