The payroll register for Schmidt Company for the week ended April 29 indicated the following: Salaries Social security tax withheld Medicare tax withheld Federal income tax withheld $1,440,000 86,400 21,600 288,000 In addition, state and federal unemployment taxes were computed at the rate of 5.4% and 0.6%, respectively, on $244,000 of salaries. Required: a. Journalize the entry to record the payroll for the week of April 29.* b. Journalize the entry to record the payroll tax expense incurred for the week of April 29.* *Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Ever

The payroll register for Schmidt Company for the week ended April 29 indicated the following: In addition, state and federal unemployment taxes were computed at the rate of 5.4% and 0.6%, respectively, on $244,000 of salaries. Required: a. Journalize the entry to record the payroll for the week of April 29. b. Journalize the entry to record the payroll tax expense incurred for the week of April 29 . "Rofer to the chart of accounts for the oxact wording of the account titlos. CNOW journals do not use lines for joumal explanations. EV