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The payroll register for Urban Window Company for the week ended April 29 indicated the following: Salaries $1.250.000 Social security tax withheld ............$75,000 Medicare tax
The payroll register for Urban Window Company for the week ended April 29 indicated the following: Salaries $1.250.000 Social security tax withheld ............$75,000 Medicare tax withheld ...... ..$18.750 Federal income tax withheld..............$250.000 In addition, state and federal unemployment taxes were calculated at the rate of 5.4% and 0.6%, respectively, on $225.000 of salaries. Salaries Payable would be recorded for: O $1.000.000 $1.142.750 $892.750 $906.250
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