Question
Urban Window Company had gross wages of $328,000 during the week ended July 15. The amount of wages subject to social security tax was $295,200,
Urban Window Company had gross wages of $328,000 during the week ended July 15. The amount of wages subject to social security tax was $295,200, while the amount of wages subject to federal and state unemployment taxes was $41,000. 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 $65,600.
a. Journalize the entry to record the payroll for the week of July 15. If an amount box does not require an entry, leave it blank.
fill in the blank e40687f52075f8d_2 | fill in the blank e40687f52075f8d_3 | ||
fill in the blank e40687f52075f8d_5 | fill in the blank e40687f52075f8d_6 | ||
fill in the blank e40687f52075f8d_8 | fill in the blank e40687f52075f8d_9 | ||
fill in the blank e40687f52075f8d_11 | fill in the blank e40687f52075f8d_12 | ||
fill in the blank e40687f52075f8d_14 | fill in the blank e40687f52075f8d_15 |
b. Journalize the entry to record the payroll tax expense incurred for the week of July 15. If an amount box does not require an entry, leave it blank.
fill in the blank e2b0f1fb3063fca_2 | fill in the blank e2b0f1fb3063fca_3 | ||
fill in the blank e2b0f1fb3063fca_5 | fill in the blank e2b0f1fb3063fca_6 | ||
fill in the blank e2b0f1fb3063fca_8 | fill in the blank e2b0f1fb3063fca_9 | ||
fill in the blank e2b0f1fb3063fca_11 | fill in the blank e2b0f1fb3063fca_12 | ||
fill in the blank e2b0f1fb3063fca_14 | fill in the blank e2b0f1fb3063fca_15 |
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