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Please help me fix this and please let me know why my answer is wrong. Problem 11.2A Computing employer's social security tax, Medicare tax, and

Please help me fix this and please let me know why my answer is wrong.

Problem 11.2A Computing employer's social security tax, Medicare tax, and unemployment taxes. LO 11-2, 11-3

A payroll summary for Mark Consulting Company, owned by Mark Fronke, for the quarter ending June 30, 2019, appears below. The firm made the required tax deposits as follows

  1. For April taxes, paid on May 15.
  2. For May taxes, paid on June 17.
Date Wages Paid Total Earnings Social Security Tax Deducted Medicare Tax Deducted Income Tax Withheld
April 8 $ 2,232.00 $ 138.38 $ 32.36 $ 221.00
15 2,320.00 143.84 33.64 228.00
22 2,232.00 138.38 32.36 221.00
29 2,276.00 141.11 33.00 225.00
$ 9,060.00 $ 561.71 $ 131.36 $ 895.00
May 5 $ 2,188.00 $ 135.66 $ 31.73 $ 217.00
12 2,232.00 138.38 32.36 221.00
19 2,232.00 138.38 32.36 221.00
26 2,276.00 141.11 33.00 225.00
$ 8,928.00 $ 553.53 $ 129.45 $ 884.00
June 2 $ 2,320.00 $ 143.84 $ 33.64 $ 228.00
9 2,232.00 138.38 32.36 221.00
16 2,276.00 141.11 33.00 225.00
23 2,232.00 138.38 32.36 221.00
30 2,188.00 135.66 31.73 217.00
$ 11,248.00 $ 697.37 $ 163.09 $ 1,112.00
Total $ 29,236.00 $ 1,812.61 $ 423.90 $ 2,891.00

Social security 6.2 percent
Medicare 1.45
FUTA 0.6
SUTA 5.4

Required:

  1. Using the tax rates given above, and assuming that all earnings are taxable, make the general journal entry on April 8, 2019, to record the employers payroll tax expense on the payroll ending that date.
  2. Prepare the entries in general journal form to record deposit of the employee income tax withheld and the social security and Medicare taxes (employee and employer shares) on May 15 for April taxes and on June 17 for May taxes.

(For all requirements round your answers to 2 decimal places.)

image text in transcribedSide note: Green is correct and red is wrong.

You can only use these terms below:

Cash

Employee income tax payable

Federal unemployment tax payable

Interest expense

Interest payable

Medicare tax payable

Notes payable

Office salaries expense

Payroll taxes expense

Petty cash

Prepaid expenses

Prepaid worker's compensation insurance

Rent expense

Salaries expense

Salaries payable

Sales salaries expense

Sales tax payable

Social security tax payable

State unemployment tax payable

Utilities expense

Workers' compensation insurance expense

Workers' compensation insurance payable

Answer is not complete. Date General Journal Debit Credit April 08, 2019 304.67 Payroll taxes expense Social security tax payable Medicare tax payable Federal unemployment tax payable State unemployment tax payable 138.38 32.36 13.39 120.53 May 15, 2019 Social security tax payable Medicare tax payable Employee income tax payable Federal unemployment tax payable State unemployment tax payable Cash 1,123.44 262.74 895.00 54.36 489.24 X 2,824.78 X June 17, 2019 1,107.07 Social security tax payable Medicare tax payable Employee income tax payable Federal unemployment tax payable State unemployment tax payable Cash 258.91 884.00 53.57 482.11 % 2,785.66 x

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