Urban Window Company had gross wages of $320,000 during the week ended July 15. The amount of wages subject to social security tax was $320,000, while the amount of wages subject to federal and state unemployment taxes was $40,000. Tax rates are as follows:

Social security 6.0%

Medicare 1.5%

State unemployment 5.4%

Federal unemployment 0.6%

The total amount withheld from employee wages for federal taxes was $75,200.

Required:

A. Journalize the entry to record the payroll for the week of July 15.*

B. Journalize the entry to record the payroll tax expense incurred for the week of July 15.*

*Refer to the Chart of Accounts for exact wording of account titles.

A. Journalize the entry to record the payroll for the week of July 15.*

B. Journalize the entry to record the payroll tax expense incurred for the week of July 15.*

*Refer to the Chart of Accounts for exact wording of account titles.