# Payroll entries The payroll register for Gamble Company for the week ended April 29 indicated the following: 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. BuyFindarrow_forward ### Financial Accounting 15th Edition Carl Warren + 2 others Publisher: Cengage Learning ISBN: 9781337272124 #### Solutions Chapter Section BuyFindarrow_forward ### Financial Accounting 15th Edition Carl Warren + 2 others Publisher: Cengage Learning ISBN: 9781337272124 Chapter 11, Problem 13E Textbook Problem 244 views ## Payroll entriesThe payroll register for Gamble Company for the week ended April 29 indicated the following: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.

a.

To determine

Journalize the entry to payroll for the week of April 29.

### Explanation of Solution

Payroll: The total payment that a company is required to pay to its employee for the services received is called as payroll.

Payroll withholding deduction: The amounts which the employer withheld from employeesâ€™ gross pay to deduct taxes such as federal income tax, state income tax, local income tax, and social security tax are called payroll withholding deduction.

Prepare journal entry to record the payroll for the week of April 29.

 Date Accounts and Explanation Post Ref Debit ($) Credit ($) April 29 Salaries Expense Â 1,250,000 Â Â Â Â Social Security Taxes Payable Â Â 75,000

b.

To determine

Journalize the payroll taxes expense incurred for the week of April 29.

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