Answer:
a.
Date Account Title Debit Credit
June 17 Salaries and Wages Expense $256,000
Social Security taxes Payable $13,824
Medicare taxes payable $3,840
Federal income tax payable $51,200
Salaries and Wages Payable $187,136
<u>Working </u>
Social security taxes payable = 6% * 230,400 = $13,824
Medicare taxes payable = 1.5% * 256,000 = $3,840
Salaries payable = 256,000 - 13,824 - 3,840 - 51,200 = $187,136
b.
Date Account Title Debit Credit
June 17 Payroll tax expense $19,648
FICA Taxes payable $13,824
Medicare taxes payable $3,840
State unemployment taxes payable $1,728
Federal unemployment taxes payable $ 256
<u>Working </u>
FICA = Social security
State unemployment taxes payable = 5.4% * 32,000 = $1,728
Federal unemployment taxes payable = 0.8% * 32,000 = $256
Payroll tax expense = 13,824 + 3,840 + 1,728 + 256 = $19,648
