Widmer Company had gross wages of $226,000 during the week ended June 17. The amount of wages subject to social security tax was $203,400, while the amount of wages subject to federal and state unemployment taxes was $28,000. Tax rates are as follows: Social security 6.0% Medicare 1.5% State unemployment 5.4% Federal unemployment 0.8% The total amount withheld from employee wages for federal taxes was $45,200. If an amount box does not require an entry, leave it blank. If required, round answers to two decimal places. a. Journalize the entry to record the payroll for the week of June 17. June 7 Wages Expense fill in the blank 2b4f37fc8061016_2 fill in the blank 2b4f37fc8061016_3 Social Security Tax Payable fill in the blank 2b4f37fc8061016_5 fill in the blank 2b4f37fc8061016_6 Medicare Tax Payable fill in the blank 2b4f37fc8061016_8 fill in the blank 2b4f37fc8061016_9 Employees Federal Income Tax Payable fill in the blank 2b4f37fc8061016_11 fill in the blank 2b4f37fc8061016_12 Wages Payable fill in the blank 2b4f37fc8061016_14 fill in the blank 2b4f37fc8061016_15 Feedback b. Journalize the entry to record the payroll tax expense incurred for the week of June 17. June 7 Payroll Tax Expense fill in the blank e29e63ffcf96fa7_2 fill in the blank e29e63ffcf96fa7_3 Social Security Tax Payable fill in the blank e29e63ffcf96fa7_5 fill in the blank e29e63ffcf96fa7_6 Medicare Tax Payable fill in the blank e29e63ffcf96fa7_8 fill in the blank e29e63ffcf96fa7_9 State Unemployment Tax Payable fill in the blank e29e63ffcf96fa7_11 fill in the blank e29e63ffcf96fa7_12 Federal Unemployment Tax Payable fill in the blank e29e63ffcf96fa7_14 fill in the blank e29e63ffcf96fa7_15

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter7: Employee Earnings And Deductions

Section: Chapter Questions

Problem 2PA

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Question

Payroll Entries

Widmer Company had gross wages of $226,000 during the week ended June 17. The amount of wages subject to social security tax was $203,400, while the amount of wages subject to federal and state unemployment taxes was $28,000. Tax rates are as follows:

Social security	6.0%
Medicare	1.5%
State unemployment	5.4%
Federal unemployment	0.8%

The total amount withheld from employee wages for federal taxes was $45,200.

If an amount box does not require an entry, leave it blank. If required, round answers to two decimal places.

a. Journalize the entry to record the payroll for the week of June 17.

June 7	Wages Expense	fill in the blank 2b4f37fc8061016_2	fill in the blank 2b4f37fc8061016_3
	Social Security Tax Payable	fill in the blank 2b4f37fc8061016_5	fill in the blank 2b4f37fc8061016_6
	Medicare Tax Payable	fill in the blank 2b4f37fc8061016_8	fill in the blank 2b4f37fc8061016_9
	Employees Federal Income Tax Payable	fill in the blank 2b4f37fc8061016_11	fill in the blank 2b4f37fc8061016_12
	Wages Payable	fill in the blank 2b4f37fc8061016_14	fill in the blank 2b4f37fc8061016_15

Feedback

b. Journalize the entry to record the payroll tax expense incurred for the week of June 17.

June 7	Payroll Tax Expense	fill in the blank e29e63ffcf96fa7_2	fill in the blank e29e63ffcf96fa7_3
	Social Security Tax Payable	fill in the blank e29e63ffcf96fa7_5	fill in the blank e29e63ffcf96fa7_6
	Medicare Tax Payable	fill in the blank e29e63ffcf96fa7_8	fill in the blank e29e63ffcf96fa7_9
	State Unemployment Tax Payable	fill in the blank e29e63ffcf96fa7_11	fill in the blank e29e63ffcf96fa7_12
	Federal Unemployment Tax Payable	fill in the blank e29e63ffcf96fa7_14	fill in the blank e29e63ffcf96fa7_15

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