The summary of the payroll for the Bumpus Company's monthly pay period ending August 31

indicated the following:

Office salaries $177,000
Federal income tax withheld 41,900

State income tax withheld 15,250
Store salaries 81,000
Medical insurance withheld 6,180
Social security tax withheld 15,996
Medicare tax withheld 3,741

Journalize the entries to record (a) the payroll and (b) the employer’s payroll tax expense for the month.

The state unemployment tax rate is 5.4%, and the federal unemployment tax rate is 0.8%. Only $9,000 in salaries are subject to unemployment taxes for this period.

Answer rating: 100% (QA)

JOURNAL ENTRIES aPayroll Account description and explanation Debit Office ... View the full answer