Question

Widmer Company had gross wages of $185,000 during the week ended June 17. The amount of wages subject to social security tax was $166,500, while the amount of wages subject to federal and state unemployment taxes was $23,000. Tax rates are as follows:

Social security	6.0%
Medicare	1.5%
State unemployment	5.3%
Federal unemployment	0.8%

The total amount withheld from employee wages for federal taxes was $37,000.

If an amount box does not require an entry, leave it blank.

a. Journalize the entry to record the payroll for the week of June 17.

	Wages Expense	fill in the blank 00917e01cf99063_2	fill in the blank 00917e01cf99063_3
		fill in the blank 00917e01cf99063_5	fill in the blank 00917e01cf99063_6
		fill in the blank 00917e01cf99063_8	fill in the blank 00917e01cf99063_9
		fill in the blank 00917e01cf99063_11	fill in the blank 00917e01cf99063_12
		fill in the blank 00917e01cf99063_14	fill in the blank 00917e01cf99063_15

b. Journalize the entry to record the payroll tax expense incurred for the week of June 17.

		fill in the blank 9dc33903dfea003_2	fill in the blank 9dc33903dfea003_3
		fill in the blank 9dc33903dfea003_5	fill in the blank 9dc33903dfea003_6
		fill in the blank 9dc33903dfea003_8	fill in the blank 9dc33903dfea003_9
		fill in the blank 9dc33903dfea003_11	fill in the blank 9dc33903dfea003_12
		fill in the blank 9dc33903dfea003_14	fill in the blank 9dc33903dfea003_15

Answer 1

Answer
	Account Title	Debit	Credit
a	Wages expense	$            185,000
	Social Security tax payable		$                   9,990	166500*6%
	Medicare tax payable		$                   2,775	185000*1.5%
	Employees Federal Income tax payable		$                 37,000
	Wages payable		$               135,235
b	Payroll tax expense	$              14,168
	Social Security tax payable		$                   9,990	166500*6%
	Medicare tax payable		$                   2,775	185000*1.5%
	State Unemployment tax payable		$                   1,219	23000*5.3%
	Federal Unemployment tax payable		$                      184	23000*0.8%
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