Journalize the entry to record the payroll tax expense

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Reference no: EM132682390

Problem - Payroll entries

The payroll register for Robinson Company for the week ended November 18 indicated the following:

Salaries $1,300,000

Social security tax withheld 61,100

Medicare tax withheld 19,500

Federal income tax withheld 260,000

In addition, state and federal unemployment taxes were calculated at the rate of 5.2% and 0.8%, respectively, on $240,000 of salaries.

a. Journalize the entry to record the payroll for the week of November 18.

b. Journalize the entry to record the payroll tax expense incurred for the week of November 18.

Reference no: EM132682390

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