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The payroll register for D. Salah Company for the week ended May 18 indicated the following: Salaries $517,000 Federal income tax withheld 103,400 The salaries were all subject to the 6.0% social security tax and the 1.5% Medicare tax. In addition, state and federal unemployment taxes were calculat at the rate of 5.4% and 0.8%, respectively, on $10,000 of salaries. If an amount box does not require an entry, leave it blank. a. Journalize the entry to record the payroll for the week of May 18. May 18 b. Journalize the entry to record the payroll tax expense incurred for the week of May 18. May 18 0000

The payroll register for D. Salah Company for the week ended May 18 indicated the following: Salaries $517,000 Federal income tax withheld 103,400 The salaries were all subject to the 6.0% social security tax and the 1.5% Medicare tax. In addition, state and federal unemployment taxes were calculat at the rate of 5.4% and 0.8%, respectively, on $10,000 of salaries. If an amount box does not require an entry, leave it blank. a. Journalize the entry to record the payroll for the week of May 18. May 18 b. Journalize the entry to record the payroll tax expense incurred for the week of May 18. May 18 0000

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter8: Employer Taxes, Payments, And Reports
Section: Chapter Questions
Problem 4E
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The payroll register for D. Salah Company for the week ended May 18 indicated the following: Salaries $517,000 Federal income tax withheld 103,400 The salaries were all subject to the 6.0% social security tax and the 1.5% Medicare tax. In addition, state and federal unemployment taxes were calculated at the rate of 5.4% and 0.8%, respectively, on $10,000 of salaries. If an amount box does not require an entry, leave it blank. a. Journalize the entry to record the payroll for the week of May 18. May 18 b. Journalize the entry to record the payroll tax expense incurred for the week of May 18. May 18
Transcribed Image Text:The payroll register for D. Salah Company for the week ended May 18 indicated the following: Salaries $517,000 Federal income tax withheld 103,400 The salaries were all subject to the 6.0% social security tax and the 1.5% Medicare tax. In addition, state and federal unemployment taxes were calculated at the rate of 5.4% and 0.8%, respectively, on $10,000 of salaries. If an amount box does not require an entry, leave it blank. a. Journalize the entry to record the payroll for the week of May 18. May 18 b. Journalize the entry to record the payroll tax expense incurred for the week of May 18. May 18
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