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question 10. please answer with correct descriptions. thank you Caculator n employee receives an hourty rate of $15, wth time end a half for all
question 10. please answer with correct descriptions. thank you
Caculator n employee receives an hourty rate of $15, wth time end a half for all hours worked in excess of 40 during the week. Payrol date for the current week are as follows: hourss worked, 46; federal in ome tax withhelid, $120: cumulative carnings for the ear prior to ths week, $5,500; Secial security tax rate, 6%: and Medicare tax rate, 1.5%, state unemployment compensation tax, 3.4% on the frst $7.000; federal unemployment compensation tax O.4% on the first $7.000 Prepare the journal entry to record the salartes expense. If required, round your answers to two decimal pieces. an amount box does not require an entry, leave t biank Prepare the journal entry to recerd the employer payroll tax expense, If required, roune your answers to two decmal placces ir an ameunt box does not require an entry, leave t blank r-assignments&ta Calculator An employee receives an hourly rate of $15, with time and a half for all year prior to this week, $5,500; Social security tax rate, 6%; and Medic Prepare the journal entry to record the salaries expense. If required, ro Cash Federal Withholding Taxes Payable Medicare Taxes Payable Salaries Payable cord the employer payroll tax expense. If re Salary Expense Prepare the journal entry to record the employer payroll t Cash Federal Unemployment Comp. Taxes Payable Medicare Taxes Payable Payroll Tax Expense Social Security Taxes Payable Step by Step Solution
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