The payroll register of Chen Heritage Co indicates $1,740 of social security withheld and $435.00 of...

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The payroll register of Chen Heritage Co indicates $1,740 of social security withheld and $435.00 of Medicare tax withheld on total salaries of $29,000 for the period. Earnings of $8,400 are subject to state and federal unemployment compensation taxes at the federal rate of 0.8% and the state rate of 5.4%. Provide the journal entry to record the payroll tax expense for the period. If an amount box does not require an entry, leave it blank. Round to two decimal places. Payroll Tax Expense ✔ Social Security Tax Payable ✓ Medicare Tax Payable ✓ State Unemployment Tax Payable ✔ Federal Unemployment Tax Payable ✓ 00000 00000 The payroll register of Chen Heritage Co indicates $1,740 of social security withheld and $435.00 of Medicare tax withheld on total salaries of $29,000 for the period. Earnings of $8,400 are subject to state and federal unemployment compensation taxes at the federal rate of 0.8% and the state rate of 5.4%. Provide the journal entry to record the payroll tax expense for the period. If an amount box does not require an entry, leave it blank. Round to two decimal places. Payroll Tax Expense ✔ Social Security Tax Payable ✓ Medicare Tax Payable ✓ State Unemployment Tax Payable ✔ Federal Unemployment Tax Payable ✓ 00000 00000

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SR 0 Solution Journal Entry Account titles and Explanation Debit Pa... View the full answer