Journalizing Payroll Transactions On December 31, the payroll register of Hamstreet Associates indicated the following information: Wages and Salaries Expense $7,100.00 Employee Federal Income Tax Payable 970.00 United Way Contributions Payable 230.00 Earnings subject to Social Security tax       6,600.00 Use Social Security 6.2% and Medicare 1.45% as specified in the text. 1.  Determine the amount of Social Security and Medicare taxes to be withheld. If required, round your answers to the nearest cent.   Social Security Tax $fill in the blank a35bdffc5ff4017_1 Medicare Tax $fill in the blank a35bdffc5ff4017_2

Assume the following payroll information for Lizzie Border: Gross Pay $10,000 Income tax $2,500 FICA Social Security $620 FICA Medicare $145 What is included in the journal entry to record the employer amounts of the payroll? Assume gross salary maximums have not been reached.   FICA Medicare taxes payable $145   Employer portion of income tax $2,500   Salaries expense of $6,740   Salaries payable of $10,000

Compute the employer's payroll benefit expense based on the following totals found on a completed payroll register dated November 15. Gross pay = $41,700.00 Deductions: Income Tax = $6,650.00; El = $1,251.00; CPP = $2,046.00 Journalize the information from a completed payroll register dated November 15. ● ●

Calculating Social Security and Medicare Taxes Assume a Social Security tax rate of 6.2% is applied to maximum earnings of $118,500 and a Medicare tax rate of 1.45% is applied to all earnings. Calculate the Social Security and Medicare taxes for the following situations: If an amount box does not require an entry, leave it blank. If required, round your answers to the nearest cent. Cumul. PayBefore CurrentWeekly Payroll CurrentGross Pay Year-to-DateEarnings Soc. Sec.Maximum AmountOver Max.Soc. Sec. AmountSubject toSoc. Sec. Soc. Sec. TaxWithheld MedicareTaxWithheld $22,700 $1,340 $fill in the blank 1 $118,500 $fill in the blank 2 $fill in the blank 3 $fill in the blank 4 $fill in the blank 5  54,300  4,080  fill in the blank 6  118,500  fill in the blank 7  fill in the blank 8  fill in the blank 9  fill in the blank 10  116,700  3,890  fill in the blank 11  118,500  fill in the blank 12  fill in the blank 13  fill in the blank 14  fill in the blank 15  117,300  4,540  fill…