The payroll register for Namesake Co. for the week ended September 12, 2010, is presented in the working papers.
Instructions
1. Journalize the entry to record the payroll for the week.
2. Journalize the entry to record the issuance of the checks to employees.
3. Journalize the entry to record the employer’s payroll taxes for the week. Assume the following tax rates: state unemployment, 3.2%; federal unemployment, 0.8%. Of the earnings, $1, 500 is subject to unemployment taxes.
4. Journalize the entry to record a check issued on September 15 to Fourth National Bank in payment of employees’ income taxes, $1,944.78, social security taxes, $1,084.32, and Medicare taxes, $343.10.