The summary of the payroll for the monthly pay period endingJuly 15 indicated the following:
Sales salaries | $135,000 |
Federal income tax withheld | 32,300 |
Office salaries | 30,000 |
Medical insurance withheld | 7,370 |
Social security tax withheld | 10,200 |
Medicare tax withheld | 2,550 |
Journalize the entries to record (a) the payroll and (b) theemployer's payroll tax expense for the month. The stateunemployment tax rate is 3.1%, and the federal unemployment taxrate is 0.8%. Only $30,000 of salaries are subject to unemploymenttaxes.
