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4.2 points) The November 2021 payroll of Sonja Service Company is...

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Accounting

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4.2 points) The November 2021 payroll of Sonja Service Company is $840,000, of which $500,000 is exempt from Social Security tax because it represented amounts paid to certain employees in excess of $142,800. The amount paid to employees in excess of $7.000 was $810,000. Amounts withheld from employee's paychecks were $175,000 for federal income taxes, $39,000 for state income taxes, and $76,000 for 401-K employee contributions. Sonja's effective state unemployment tax rate is 1.6% and the effective federal unemployment tax rate is 0.8% Prepare the two journal entries Sonja should make to reflect its payroll expense and its payroll taxes expense

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