The payroll register for Hillsdale Company for the week ended December 14 indicated the following:
Salaries ................ $690,000
Social security tax withheld ........ 32,700
Medicare tax withheld ........... 10,350
Federal income tax withheld ....... 138,700
In addition, state and federal unemployment taxes were calculated at the rate of 0.8% and
5.2%, respectively, on $26,000 of salaries.
a. Journalize the entry to record the payroll for the week of December 14.
b. Journalize the entry to record the payroll tax expense incurred for the week of December 14.