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Make a tabular summary to record salaries

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Question - During the month of March, Cullumber Company's employees earned wages of $74,000. Withholdings related to these wages were $5,661 for Social Security (FICA), $8,672 for federal income tax, $3,584 for state income tax, and $463 for union dues. The company incurred no cost related to these earnings for federal unemployment tax but incurred $809 for state unemployment tax.

(a) Make a tabular summary to record salaries and wages expense and salaries and wages payable on March 31. Assume that wages earned during March will be paid during April.

(b) Make a tabular summary to record the company's payroll tax expense.

Reference no: EM132513907

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