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Problem 3 Payroll entries The payroll register for Crouse Company for the week ended November 18 indicated the following: Salaries $950,000 Social Security tax withheld
Problem 3 Payroll entries
The payroll register for Crouse Company for the week ended November 18 indicated the following:
Salaries $950,000
Social Security tax withheld 57,000
Medicare tax withheld 14,250
Federal income tax withheld 175,000
In addition, state and federal unemployment taxes were calculated at the rate of 3.8% and 0.6%, respectively, on $250,000 of salaries.
Journalize the entry to record the payroll for the week on November 18.
Journalize the entry to record the payroll tax expense incurred for the week of November 18.
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