Urban Window Company had gross wages of $244,000 during the week ended July 15. The...
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Accounting
Urban Window Company had gross wages of $244,000 during the week ended July 15. The amount of wages subject to social security tax was $219,600, while the amount of wages subject to federal and state unemployment taxes was $31,000. 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 $48,800.
Question Content Area
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.
blank | CashMedicare Tax PayableSocial Security Tax PayableState Unemployment Tax PayableWages Expense | - Select - | - Select - |
CashEmployees Federal Income Tax ExpenseSocial Security Tax ExpenseSocial Security Tax PayableWage Expense | - Select - | - Select - | |
Federal Unemployment Tax PayableMedicare Tax ExpenseMedicare Tax PayablePayroll Tax ExpenseWage Expense | - Select - | - Select - | |
CashEmployees Federal Income Tax PayablePayroll Tax ExpenseState Unemployment Tax ExpenseState Unemployment Tax Payable | - Select - | - Select - | |
CashFederal Unemployment Tax ExpenseFederal Unemployment Tax PayablePayroll Tax ExpenseWages Payable | - Select - | - Select - |
Question Content Area
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.
blank | CashMedicare Tax PayablePayroll Tax ExpenseSocial Security Tax PayableState Unemployment Tax Payable | - Select - | - Select - |
CashPayroll Tax ExpenseSalaries ExpenseSocial Security Tax ExpenseSocial Security Tax Payable | - Select - | - Select - | |
CashMedicare Tax PayablePayroll Tax ExpenseSalaries ExpenseSalaries Payable | - Select - | - Select - | |
CashPayroll Tax ExpenseSalaries PayableState Unemployment Tax ExpenseState Unemployment Tax Payable | - Select - | - Select - | |
CashFederal Unemployment Tax ExpenseFederal Unemployment Tax PayablePayroll Tax ExpenseSalaries Payable | - Select - | - Select - |
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