Provide the journal entry to record the payroll tax expense

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The payroll register of Chen Engineering Co. indicates $1,062 of social security withheld and $265.50 of Medicare tax withheld on total salaries of $17,700 for the period. Earnings of $5,000 are subject to state and federal unemployment compensation taxes at the federal rate of 0.6% and the state rate of 5.4%.

Problem 1: 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.

Reference no: EM132956683

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