The payroll register of Seaside Architecture Company indicates $870 of social security and $217 of Medicare tax withheld on total salaries of $14,500 for the period. Assume earnings subject to state and federal unemployment compensation taxes are $5,250 at the federal rate of 0.8% and state rate of 5.4%. Prepare the journal entry to record the payroll tax expense for the period.

Solution:

Account Titles & Explanation                 Debit          Credit

Payroll Tax Expense                            1,412.50  

Social Security Taxes Payable                                    870.00

Medicare Taxes Payable                                            217.00

State Unemployment Tax Payable ($5,250*5.4%)    283.50

Federal Unemployment Tax Payable ($5,250*0.8%)   42.00

Note:

Payroll tax expense is calculated by adding up soc security, medicare tax, state and fed unemployment.

45.36 feet per second.

step-by-step explanation:

to find the most accurate determination for the number of feet per second tyrone traveled on his way to work let us convert miles to feet and minutes to seconds.

1 mile = 5280 feet.

1 minute = 60 seconds.

now we will divide 158400 by 3492 to find the most accurate determination for the number of feet per second tyrone traveled on his way to work.

therefore, tyrone traveled on his way to work at the rate of 45.36 feet per second.