Question: Problem 3 - Payroll entries The payroll register for Crouse Company for the veek ended November 18 indicated the following: Salaries $1,100,000 Social Security tax

 Problem 3 - Payroll entries The payroll register for Crouse Company

Problem 3 - Payroll entries The payroll register for Crouse Company for the veek ended November 18 indicated the following: Salaries $1,100,000 Social Security tax withheld 65,000 Medicare tax withheld 16,750 Federal income tax withheld 200,000 In addition, state and federal unemployment taxes were calculated at the rate of 4.8% and 0.75%. respectively, on $300,000 of salaries. a. Journalize the entry to record the payroll for the week on November 18. b. Journalize the entry to record the payroll tax expense incurred for the week of November 18

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!