Widmer Company hadgross wages of $200,000 during the week ended June 17. The amount of wages subject to social security tax was $200,000, while the amount of wages subject to federal and state unemployment taxes was $30,000. Tax rates are as follows:
| Social security |
6.0% |
| Medicare |
1.5% |
| State unemployment |
5.4% |
| Federal unemployment |
0.8% |
The total amount withheld from employee wages for federal taxes was $40,500.
Required:
A. Journalize the entry to record the payroll for the week of June 17.* Refer to the Chart of Accounts for exact wording of account titles.
B. Journalize the entry to record the payroll tax expense incurred for the week of June 17.*
* Refer to the Chart of Accounts for exact wording of account titles.