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The payroll register of Chen Engineering Co. indicates $2,256 of social security withheld and $564.00 of...

The payroll register of Chen Engineering Co. indicates $2,256 of social security withheld and $564.00 of Medicare tax withheld on total salaries of $37,600 for the period. Earnings of $11,700 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.

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Expert Solution

Account Titles and Explanation Debit Credit
Payroll tax Expense           [Total = $2,256 + $564 + $631.80 + $70.20]                 $3,522.00
     Social Security Tax payable                             $2,256.00
     Medicare Tax payable                                      $564.00
     State Unemployment Tax Payable                    [$11,700 x 5.40%] $631.80
     Federal Unemployment Tax Payable               [$11,700 x 0.60%] $70.20
(To record the payroll tax expense)

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