Widmer Company had The total earnings of an employee for a payroll period.gross wages of $237,000 during the week ended June 17. The amount of wages subject to social security tax was $213,300, while the amount of wages subject to federal and state unemployment taxes was $30,000. Tax rates are as follows:
| Social security |
6.0% |
| Medicare |
1.5% |
| State unemployment |
5.4% |
| Federal unemployment |
0.8% |
The total amount withheld from employee wages for federal taxes was $47,400.
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 |
- Cash
- Medicare Tax Payable
- Social Security Tax Payable
- State Unemployment Tax Payable
- Wages Expense
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- Cash
- Employees Federal Income Tax Expense
- Social Security Tax Expense
- Social Security Tax Payable
- Wages Expense
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| |
- Federal Unemployment Tax Payable
- Medicare Tax Expense
- Medicare Tax Payable
- Payroll Taxes Expense
- Wages Expense
|
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| |
- Cash
- Employees Federal Income Tax Payable
- Payroll Taxes Expense
- State Unemployment Tax Expense
- State Unemployment Tax Payable
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| |
- Cash
- Federal Unemployment Tax Expense
- Federal Unemployment Tax Payable
- Payroll Taxes Expense
- Wages Payable
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b. Journalize the entry to record the payroll tax expense incurred for the week of June 17.
| June 7 |
- Cash
- Medicare Tax Payable
- Payroll Tax Expense
- Social Security Tax Payable
- State Unemployment Tax Payable
|
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|
| |
- Cash
- Payroll Tax Expense
- Salaries Expense
- Social Security Tax Expense
- Social Security Tax Payable
|
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|
| |
- Cash
- Medicare Tax Payable
- Payroll Tax Expense
- Salaries Expense
- Salaries Payable
|
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| |
- Cash
- Payroll Tax Expense
- Salaries Payable
- State Unemployment Tax Expense
- State Unemployment Tax Payable
|
|
|
| |
- Cash
- Federal Unemployment Tax Expense
- Federal Unemployment Tax Payable
- Payroll Tax Expense
- Salaries Payable
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