clear bp 91000 Medicare tax withheld 5505 8074 Group insuran

clear bp 91,000 Medicare tax withheld 5,505 8,074 Group insurance $104,595S Medicare, 1.5% Check My Work

Solution

1.b. Entry to record the employer\'s payroll taxes for the last week of the year.

In the absence of any information, it is assumed that all the employes have crossed the stato

2.a. Entry to record the payroll for the last week of the year (payment on Jan.5)

1.a. Entry to record the payroll for the last week of the year (payment on Dec.31)
Date	Account Title	Debit	Credit
Dec.30	Sales salaries expense	178000
	Warehouse salaries expense	98000
	Office salaries expense	91000
	Employee income tax payable		64592
	Social security tax payable		19818
	Medicare tax payable		5505
	Bond deductions payable		8074
	Group insurance payable		6606
	Salaries payable		262405