Spirit Corporation reported the following payroll-related costs for the month of February:

Gross pay (wages expense)	$	247,000
Social Security and Medicare taxes		18,896
Federal and state unemployment taxes		15,500
Workers' compensation insurance		8,500
Group health and life insurance benefits		12,000
Employee pension plan benefits		25,900
Total payroll costs for February	$	327,796

Spirits insurance premiums for workers compensation and group health and life insurance were

paid for in a prior period and recorded initially as prepaid insurance expense. Withholdings from

employee wages in February were as follows:

State income tax withholdings	$	5,875
Federal income tax withholdings		56,000
Social Security and Medicare tax withholdings		18,896

a-c.	Record Spirits payroll entries for the month of February. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Journal entry worksheet

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Record gross wages, employee withholdings and employee take-home pay for February.

Note: Enter debits before credits.

Transaction	General Journal	Debit	Credit
a.

 

 

sheet is drawn here

d.	Do the amounts withheld from Spirits employees represent taxes levied on Spirit Corporation?

Yes

No