Question: The payroll register of Wang Engineering Co . indicates $ 2 , 7 4 8 of social security withheld and $ 6 8 7 .

The payroll register of Wang Engineering Co

.

indicates $

2, 748

of social security withheld and $

687.00

of Medicare tax withheld on total salaries of $

45, 800

for the period.

Earnings of $

13, 700

are subject to state and federal unemployment compensation taxes at the federal rate of

0.6 %

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.

State Unemployment Tax Payable

The payroll register of Wang Engineering Co. indicates $2,748 of social

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!

Mar, a U.S. firm, purchased equipment for 400,000 British pounds from The on December 16, 2016. The terms were n/30, payable in British pounds. On December 16, 2016, Mar also entered into a 30-day...

The payroll register of Wang Engineering Co. indicates $2, 376.00 of social security withheld and $594.00 of Medicare tax withheld on total salaries of $39, 600 for the period. Assume earnings...

Please help with question 5 and 6.5. Compute PayrollAn employee earns $24 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. Assume that the employee worked 50 hours...

Journalize Payroll Tax The payroll register of Wang Engineering Co. indicates $2,856 of social security withheld and $714.00 of Medicare tax withheld on total salaries of $47,600 for the period....

Proceeds from Notes Payable On May 15, Maynard Co. borrowed cash from Texas Bank by issuing a 60-day note with a face amount of $43,200. Assume a 360-day year. Required: a. Determine the proceeds of...

The payroll register of Wang Engineering Co. indicates $1,770 of social security withheld and $442.50 of Medicare tax withheld on total salaries of $29,500 for the period. Earnings of $8,900 are...

The payroll register of Wang Engineering Co. indicates $1,266 of social security withheld and $316.50 of Medicare tax withheld on total salaries of $21,100 for the period. Earnings of $6,500 are...

The payroll register of Wang Engineering Co. indicates $1,740 of social security withheld and $435 of Medicare tax withheld on total salaries of $29,000 for the period. Retirement savings withheld...

eBook Show Me How Calculator Print Item Journalize Period Payroll The payroll register of Wang Engineering Co. indicates $2,280 of social security withheld and $570 of Medicare tax withheld on total...

An old oaken bucket of mass 6.75 kg hangs in a well at the end of a rope. The rope passes over a frictionless pulley at the top of the well, and you pull horizontally on the end of the rope to raise...

Grand Corporation owns all of the stock of Junior, Ltd., a corporation that has been declared bankrupt and has no net assets. Junior still owes $1 million to Wholesale, Inc., one of its suppliers,...

true or false in the nonstatistical sampling method the sample results are evaluated on the basis of the professional judgement and the auditors own experience

If the following join statement is used to join two tables in a query, which of the following tables would all of the tuples in the relation appear in results? left join university.students on...