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Name: Class: Date: 5. Townson Company had gross wages of $200,000 to social security tax...

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Accounting

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Name: Class: Date: 5. Townson Company had gross wages of $200,000 to social security tax was S180.000, while the amount $24,000. Tax rates are as follows: during the week ended December 10. The amount of wages subject of wages subject to federal and state unemployment taxes was Social security Medicare State unemployment 53% Federal unemployment 0.8% The total amount withheld from employee wages for federal income taxes was $32.000. 6.0% 1.5% (a) Journalize the entry to record the payroll for the week of December 10. (b) Journalize the entry to record the payroll tax expense incurred for the week of December 10

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