The payroll register of Russert Construction Co. indicates $18,000 of social security withheld and $4,500 of Medicare
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The payroll register of Russert Construction Co. indicates $18,000 of social security withheld and $4,500 of Medicare tax withheld on total salaries of $300,000 for the period. Retirement savings withheld from employee paychecks were $18,000 for the period. Federal withholding for the period totaled $59,400.
Provide the journal entry for the period’s payroll.
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Salaries Expense 300000 Social Security Tax P...View the full answer
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