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Business, 28.05.2021 18:00 skywil8981

Nov. 30: Journalized the monthly payroll for November, based on the following data: Salaries Deductions Sales salaries $135,000 Income tax withheld $39,266 Office salaries 77,250 Social security tax withheld 12,735 $212,250 Medicare tax withheld 3,184 Unemployment tax rates: State unemployment 5.4% Federal unemployment 0.6% Amount subject to unemployment taxes: State unemployment $5,000 Federal unemployment 5,000 Nov. 30: Journalized the employer's payroll taxes on the payroll. Description Credit Debit 135,000 Sales Salaries Expense Office Salaries Expense 77,250 Employees Federal Income Tax Payable 39,266 12,735 Social Security Tax Payable Medicare Tax Payable 3,184 Salaries Payable 157,065 Description Debit Credit Payroll Tax Expense 16,229 12,735 Social Security Tax Payable Medicare Tax Payable 3,184 State Unemployment Tax Payable 270 Federal Unemployment Tax Payable 310

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