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The payroll of Ivanhoe Company for September 2019 is as follows. Total payroll was $484,000, of which $100.000 is exempt from Social Security tax because

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The payroll of Ivanhoe Company for September 2019 is as follows. Total payroll was $484,000, of which $100.000 is exempt from Social Security tax because it represented amounts paid in excess of $128.400 to certain employees. The amount paid to employees in excess of $7.000 (the maximum for both federal and state unemployment tax) was $373,000. Income taxes in the amount of $86,700 were withheld, as was $8,700 in union dues. The state unemployment tax is 3.5% but Ivanhoe Company is allowed a credit of 2.3% by the state for its unemployment experience. Also, assume that the current FICA tax is 7.65% on an employee's wages to $128.400 and 1459 in excess of $128,400. No employee for Ivanhoe makes more than $135.000. The federal unemployment tax rate is 0,8% after state credit Prepare the necessary journal entries if the wages and salaries paid and the employer payroll taxes are recorded separately. (Round answers to decimal places, es 5,275. If no entry is required, select "No Entry" for the account titles and enter for the amounts.Credit account titles are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit Salaries and Wages Expense Withholding Taxes Payable FICA Texas Payable Union Dues Payable Cash Prepare the necessary journal entries it the wages and salaries paid and the employer payroll taxes are recorded separately. (Round answers to decimal places, s. 5,275. If no entry is required, select "No Entry for the account titles and enter for the amounts.Credit account titles are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit Salaries and Wages Expense Withholding Taxes Payable FICA Taxes Payable Union Dues Payable Cash (To record wages and salaries paid) Payroll Tax Expense FICA Taxes Payable (To record employer payroll taxes)

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