Question - The payroll register for Gentry Company for the week ended December 17 indicated the following:
Salaries $540,000
Social security tax withheld 25,380
Medicare tax withheld 8,100
Federal income tax withheld 108,000
In addition, state and federal unemployment taxes were calculated at the rate of 5.2% and 0.8%, respectively, on $10,000 of salaries.
Journalize the entry to record the payroll for the week of December 17.