Payroll entries The payroll register for Gamble Company for the week ended April 29 indicated the following: Salaries $1,250,000.00 Social security tax withheld 75,000 Mesicare tax withheld 18,750 Federal income tax withheld 250,000 In addition, state and federal unemployment taxes were calculated atthe rate of 5.4% and 0.6% respectively, on $225,000 of salaries.a. Journalize the entry to record the payroll for the week of April29.b. Journalize the entry to record the payroll tax expense incurredfor the week of April 29.

Cornerstones of Financial Accounting
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Chapter8: Current And Contingent Liabilities
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Problem 26CE: Payroll Taxes Hernandez Builders has a gross payroll for January amounting to $500,000. The...
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Payroll entries The payroll register for Gamble Company for the week ended April 29 indicated the following:

Salaries $1,250,000.00
Social security tax withheld 75,000
Mesicare tax withheld 18,750
Federal income tax withheld 250,000

In addition, state and federal unemployment taxes were calculated at
the rate of 5.4% and 0.6% respectively, on $225,000 of salaries.
a. Journalize the entry to record the payroll for the week of April
29.
b. Journalize the entry to record the payroll tax expense incurred
for the week of April 29.

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