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Find the amount of Social Security and Medicare taxes

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Reference no: EM132721018

Problem - On November 30, the payroll register of Webster & Smith indicated the following information:

Wages and Salaries Expense $9,400.00

Employee Federal Income Tax Payable 985.00

United Way Contributions Payable 200.00

Earnings subject to Social Security tax 9,400.00

Required - Find the amount of Social Security and Medicare taxes to be withheld and record the journal entry for the payroll, crediting Cash for the net pay.

Reference no: EM132721018

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