Townson Company had gross wages of $$180,000$ during the week ended December $10.$ All earnings are subject to social security tax, while the amount of wages subject to federal and state unemployment taxes was $$24,000.$ Tax rates are as follows:

Line Item Description Percent

Social security $6\mathrm{.}0\%$

Medicare $1\mathrm{.}5\%$

State unemployment $5\mathrm{.}4\%$

Federal unemployment $0\mathrm{.}8\%$

The total amount withheld from employee wages for federal income taxes was $$32,000.$

Required:

Question Content Area

a$.$  Journalize the entry for the payroll for the week of December $10.$ If an amount box does not require an entry, leave it blank.

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Answer rating: 100% (QA)

The journal entry for the payroll for the week of December 10 would be as follows Account Debit Cred... View the full answer