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The salories were all subject to the 6.0% social security tax and the 1.5% Medicare tox, In addition, state and federal unemployment taxes were computed
The salories were all subject to the 6.0% social security tax and the 1.5% Medicare tox, In addition, state and federal unemployment taxes were computed at the ate of 54% and 0.8%, respectively, on $49,000 of salaries. Assume the company runs all paychecks through Salaries Payable. If an amount box does not require an entry, leave it blank. a. Journalize the entry to record the payroli for the week of May 18. b. Journalize the entry to record the payroll tax expense incurred for the week of May 18
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