Widmer Company had gross wages of $166,000 during the week ended June 17. The amount of wages subject to social security
Posted: Fri Jul 01, 2022 8:51 am
Company had gross wages of $166,000 during the week ended June 17. The amount of wages subject to social security tax was $149,400, while the amount of wages subject to federal and state unemployment taxes was $21,000. Tax rates are as follows: Social security Medic State unemployment Federal unemployment 6.0% 1.5% 5.4% 0.8% The total amount withheld from employee wages for federal taxes was $33,200 If an amount box does not require an entry, leave it blank. If required, round answers to two decimal places a. Journalize the entry to record the payroll for the week of June 17. June 7 Wages padan Modisers Yox Pivatie 00000
b. Journalize the entry to record the payroll tax expense incurred for the week of June 17. June 7 Payroll Tax Expense Social Security Tax Payable Medicare Tax Payable State Unemployment Tax Payable Federal Unemployment Tax Payable
Widmer b. Journalize the entry to record the payroll tax expense incurred for the week of June 17. June 7 Payroll Tax Expense Social Security Tax Payable Medicare Tax Payable State Unemployment Tax Payable Federal Unemployment Tax Payable