Question: Chapter 10 Liabilities: Current, Installment Notes, Contingencies 507 EX10-13 Payroll entries Widmer Company had gross wages of $240,000 during the week ended June 17. The

 Chapter 10 Liabilities: Current, Installment Notes, Contingencies 507 EX10-13 Payroll entries

Chapter 10 Liabilities: Current, Installment Notes, Contingencies 507 EX10-13 Payroll entries Widmer Company had gross wages of $240,000 during the week ended June 17. The amount of and state unemployment taxes was $35,000. Tax rates are as follows: Obj. 2 SHOW ME HOWwages subject to social security tax was $240,000, while the amount of wages subject to federal Social security Medicare State unemployment Federal unemployment 6.096 1.5% 5.4% 0.896 The total amount withheld from employee wages for federal taxes was $48,000. 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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