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Journalize payroll tax The payroll register of Heritage Co. indicates $2,070 of social security withheld and $517.50 of Medicare tax withheld on total salaries of $34,500 for the period. Earnings of $10,400 are subject to state and federal unemployment compensation taxes at the federal rate of 0.8% and the state rate of 5.4%. Journalize the entry to record the payroll tax expense for the period. If an amount box does not require an entry, leave it blank. Round your answers to two decimal places. Payroll Tax Expense X Social Security Tax Payable 0✓ 2,070 Medicare Tax Payable ✓ 517.50 ✓ State Unemployment Tax Payable ✓ 561.60 V Federal Unemployment Tax Payable V 83.20

Journalize payroll tax The payroll register of Heritage Co. indicates $2,070 of social security withheld and $517.50 of Medicare tax withheld on total salaries of $34,500 for the period. Earnings of $10,400 are subject to state and federal unemployment compensation taxes at the federal rate of 0.8% and the state rate of 5.4%. Journalize the entry to record the payroll tax expense for the period. If an amount box does not require an entry, leave it blank. Round your answers to two decimal places. Payroll Tax Expense X Social Security Tax Payable 0✓ 2,070 Medicare Tax Payable ✓ 517.50 ✓ State Unemployment Tax Payable ✓ 561.60 V Federal Unemployment Tax Payable V 83.20

Century 21 Accounting Multicolumn Journal
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter13: Accounting For Payroll And Payroll Taxes
Section: Chapter Questions
Problem 4AP
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Journalize payroll tax The payroll register of Heritage Co. indicates $2,070 of social security withheld and $517.50 of Medicare tax withheld on total salaries of $34,500 for the period. Earnings of $10,400 are subject to state and federal unemployment compensation taxes at the federal rate of 0.8% and the state rate of 5.4%. Journalize the entry to record the payroll tax expense for the period. If an amount box does not require an entry, leave it blank. Round your answers to two decimal places. Payroll Tax Expense X Social Security Tax Payable 0✓ 2,070 Medicare Tax Payable ✓ 517.50 ✓ State Unemployment Tax Payable ✓ 561.60 V Federal Unemployment Tax Payable V 83.20
Transcribed Image Text:Journalize payroll tax The payroll register of Heritage Co. indicates $2,070 of social security withheld and $517.50 of Medicare tax withheld on total salaries of $34,500 for the period. Earnings of $10,400 are subject to state and federal unemployment compensation taxes at the federal rate of 0.8% and the state rate of 5.4%. Journalize the entry to record the payroll tax expense for the period. If an amount box does not require an entry, leave it blank. Round your answers to two decimal places. Payroll Tax Expense X Social Security Tax Payable 0✓ 2,070 Medicare Tax Payable ✓ 517.50 ✓ State Unemployment Tax Payable ✓ 561.60 V Federal Unemployment Tax Payable V 83.20
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