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The payroll register for Gamble Company for the week ended April 29 indicated the following: Salaries $669,000 Social security tax withheld 40,140 Medicare tax withheld
The payroll register for Gamble Company for the week ended April 29 indicated the following: Salaries $669,000 Social security tax withheld 40,140 Medicare tax withheld 10,035 Federal income tax withheld 133,800 In addition, state and federal unemployment taxes were calculated at the rate of 5.4% and 0.6%, respectively, on $13,000 of salaries. For a compound transaction, if an amount box does not require an entry, leave it blank. a. Journalize the entry to record the payroll for the week of April 29. Salaries Expense 669,000 Social Security Tax Expense 40,140 Medicare Tax Payable 10,035 Employees Federal Income Tax Payable 133,800 Salaries Payable b. Journalize the entry to record the payroll tax expense incurred for the week of April 29. Payroll Tax Expense Social Security Tax Payable Medicare Tax Payable 11111 lllll State Unemployment Tax Payable Federal Unemployment Tax Payable
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