dal security and $224 d Hedare tax withheld on total salaries of Si5 20fo. the p

Question

dal security and $224 d Hedare tax withheld on total salaries of Si5 20fo. the period. Ass sub ea to state . d ledera uneployment canoer oro reg tr d Seaside Architecture Co p v indcateta20 d s taxes ar" ss.300 at the federal rate of 0.50% and tate rate of 5.40%. me Required: Prepare the journal entry to necord he payroll ax expense for the pered. Refer to the Chant of Accounes for exact wording of account Rurd your anneerto two derma, alaces. Prepare the Journal entry to record the payroll tax expense on December 31 Refer to the Chart of Accounts Sor exact wodn of account hees. Round your answers to twe decimal places

Explanation / Answer

Wage expense a/c Dr $15200

To social security payable $ 840

To Medicare tax payable. $ 224

To federal unemployment $ 42.4

To state unemployment. $ 286.2

To cash. $ 13807.4

(Being monthly payroll expense charged and paid to employee).

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