Question

SH Payroll Entries The payroll register for Schmidt Company for the week ended April 29 Indicated the following: Salaries $493,000 Social security tax withheld 29,580 Medicare tax withheld 7,395 Federal Income tax withheld 98,600 In addition, state and federal unemployment taxes were computed at the rate of 5.4" and 0.6%, respectively, on $9,000 of salartes. a. Joumalize the entry to record the payroll for the week of April 29. If an amount box does not require an entry, leave it blank. Salaries Expense v social security Tax Expense X Medicare Tax Payable Employees Federal Income Tax Payable Salaries Payable TO My War Gross pay is the amount that employees have earned before taxes and deductions. A portion of employees' earrings is owed for such items at state b. oumalize the entry to record the payroll tax expense incurred for the week of April 29. If an amount box does not require an entry, leave it be Payroll Tax Expense Social Security Tax Payable Medicare Tax Payable State unemployment as Expensex Federal Unemployment Tax Payable Check My Week 2 Check My Worker

Answer 1

a
Salaries expense	493000
Social Security tax payable		29580
Medicare tax payable		7395
Employees Federal Income tax payable		98600
Salaries payable		357425
b
Payroll tax expense	37515
Social Security tax payable		29580
Medicare tax payable		7395
State Unemployment tax payable		486	=9000*5.4%
Federal Unemployment tax payable		54	=9000*0.6%