Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac

Exercise 53

AJournalize payroll tax
The payroll register of Konrath Co. indicates $13,200 of social security withheld and $3,300 of Medicare tax withheld on total salaries of $220,000 for the period. Earnings of $35,000 are subject to state and federal unemployment compensation taxes at the federal rate of 0. 8% and the state rate of 5.4%.
Provide the journal entry to record the payroll tax expense for the period.
BJournalize payroll tax
The payroll register of Longboat Co. indicates $5,400 of social security withheld and $1,350 of Medicare tax withheld on total salaries of $90,000 for the period. Earnings of $10,000 are subject to state and federal unemployment compensation taxes at the federal rate of 0.8% and the state rate of 5.4%.
Provide the journal entry to record the payroll tax expense for the period.