The payroll register of Seaside Architecture Company indicates $860 of Social Se

Q: The payroll register of Seaside Architecture Company indicates $860 of Social Se

date explanation debit credit 1- payroll tax expenses 1388.8 social security taxes payable 860 Medicare taxes payable 225 state Unemployment tax payable 264.6 federal unemployment tax payable 39.2 date explanation debit credit 1- payroll tax expenses 1388.8 social security taxes payable 860 Medicare taxes payable 225 state Unemployment tax payable 264.6 federal unemployment tax payable 39.2

ID: 2804207 • Letter: T

Question

The payroll register of Seaside Architecture Company indicates $860 of Social Security and $225 of Medicare tax withheld on total salaries of $14,200 for the period. Assume earnings subject to state and federal unemployment compensation taxes are $4,900 at the federal rate of 0.8% and state rate of 5.4%.

Prepare the journal entry to record the payroll tax expense for the period. If an amount box does not require an entry, leave it blank or enter "0". If required, round your answers to two decimal places

Explanation / Answer

date

explanation

debit

credit

payroll tax expenses

1388.8

social security taxes payable

860

Medicare taxes payable

225

state Unemployment tax payable

264.6

federal unemployment tax payable

39.2