Payroll entries Widmer Company had gross wages of $140,000 during the week ended June 17. The...

Transcribed Image Text:

Payroll entries Widmer Company had gross wages of $140,000 during the week ended June 17. The amount of wages subject to social security tax was $126,000, while the amount of wages subject to federal and state unemployment taxes was $18,000. Tax rates are as follows: Social security Medicare State unemployment Federal unemployment 0.8% The total amount withheld from employee wages for federal taxes was $28,000. If an amount box does not require an entry, leave it blank. If required, round answers to two decimal places. 6.0% 1.5% June 17 a. Journalize the entry to record the payroll for the week of June 17. 5.4% June 17 b. Journalize the entry to record the payroll tax expense incurred for the week of June 17. 00000 Payroll entries Widmer Company had gross wages of $140,000 during the week ended June 17. The amount of wages subject to social security tax was $126,000, while the amount of wages subject to federal and state unemployment taxes was $18,000. Tax rates are as follows: Social security Medicare State unemployment Federal unemployment 0.8% The total amount withheld from employee wages for federal taxes was $28,000. If an amount box does not require an entry, leave it blank. If required, round answers to two decimal places. 6.0% 1.5% June 17 a. Journalize the entry to record the payroll for the week of June 17. 5.4% June 17 b. Journalize the entry to record the payroll tax expense incurred for the week of June 17. 00000

Answer rating: 100% (QA)

a Journal entry to record the payroll for the week ended June 17 Date June 17 1 Debit Wages Expense ... View the full answer