salary and payroll tax journal entries

Project Description:

an employee receives an hourly rate of $15, with time and a half for all hours worked in excess of 40 during the week. payroll data for the current week are as follows: hours worked, 46; federal income tax withheld, $120; cumulative earnings for the year prior to this week, $5,500; social security tax rate, 6% on maximum of $100,000; and medicare tax rate, 1.5% on all earnings; state unemployment compensation tax, 3.4% on the first $7,000; federal unemployment compensation tax, 0.8% on the first $7,000.prepare the journal entry to record the salaries expense. if required, round your answers to two decimal places. for a compound transaction, if an amount box does not require an entry, leave it blank or enter "0".prepare the journal entry to record the employer payroll tax expense. if required, round your answers to two decimal places. for a compound transaction, if an amount box does not require an entry, leave it blank or enter "0".
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Price Type: Fixed

Project Budget: $0 to $10
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Total Proposals: 4
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