The payroll register of Seaside Architecture Company indicates $820 of social security and $215 of Medicare tax withheld on total salaries of $14,400 for the period. Assume earnings subject to state and federal unemployment compensation taxes are $4,900 at the federal rate of 0.80% and state rate of 5.40%. Required: Prepare the journal entry to record the payroll tax expense for the period. Refer to the Chart of Accounts for exact wording of account titles. Round your answers to two decimal places.

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN:9781305666160
Author:James A. Heintz, Robert W. Parry
Publisher:James A. Heintz, Robert W. Parry
Chapter9: Payroll Accounting: Employer Taxes And Reports
Section: Chapter Questions
Problem 1MP: The totals line from Nix Companys payroll register for the week ended March 31, 20--, is as follows:...
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The payroll register of Seaside Architecture Company indicates $820 of social security and $215 of Medicare tax withheld on total salaries of $14,400 for the period. Assume earnings subject to state
and federal unemployment compensation taxes are $4,900 at the federal rate of 0.80% and state rate of 5.40%.
Required:
Prepare the journal entry to record the payroll tax expense for the period. Refer to the Chart of Accounts for exact wording of account titles.
Round your answers to two decimal places.
Transcribed Image Text:The payroll register of Seaside Architecture Company indicates $820 of social security and $215 of Medicare tax withheld on total salaries of $14,400 for the period. Assume earnings subject to state and federal unemployment compensation taxes are $4,900 at the federal rate of 0.80% and state rate of 5.40%. Required: Prepare the journal entry to record the payroll tax expense for the period. Refer to the Chart of Accounts for exact wording of account titles. Round your answers to two decimal places.
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