Question: all parts please clearly label answer PLEASE USE 6.2% FOR SOCIAL SECURITY AND 1.45% FOR MEDICARE INSTEAD EX 10-13. Payroll entries Obj. 2 Widmer Company
all parts please clearly label answer EX 10-13. Payroll entries Obj. 2 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: 6.04 Social security Medicare 1.54 5.4% State unemployment Federsi unemployment 0.8% The total amount withheld from employee wages for federal taxes was $64,000. 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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