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Business, 18.06.2020 06:57 Desirae15

"Widmer Company had gross wages of $320,000 during the week ended June 17. The amount of wages subject to social security tax was $320,000, while the amount of wages subject to federal and state unemployment taxes was $48,000. 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 $46,000.

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

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Answers: 3

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"Widmer Company had gross wages of $320,000 during the week ended June 17. The amount of wages subje...
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