I cannot figure out the cash amount. I add devide and multiply and still cannot get the right answer

album - Dor.. top There's racial bias i. More Than Half Of. eBook Cornerstone Exercise 8-27 (Algorithmic) Payroll Taxes Kinsella, Inc., has a gross payroll of $26,000 for the pay period. Kinsella must also withhold $3,100 in federal income taxes from the employees and pay state unemployment taxes of $78. Assume the entire payroll is eligible for Social Security and Medicare at standard rates. Required: Prepare the necessary journal entries for Kinsella to record both the gross pay earned by employees and the employer portion of these payroll taxes. If an amount box does not require an entry, leave it blank. If required, round amounts to the nearest dollar. Wages Expense 26,000 Federal Income Taxes Withholding Payable 3,100 Social Security Taxes Payable (Employee) 1,612 Medicare Taxes Payable (Employee) 377 Cash (Record wages and liabilities) State Unemployment Taxes Expense 78 Social Security Taxes Expense (Employer) 1,612 Medicare Taxes Expense (Employer) 377 State Unemployment Taxes Payable 78 EET Social Security Taxes Payable (Employer) 1,612 Medicare Taxes Payable (Employer) 377 (Record employer payroll taxes) Check My Work Previous Next