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Townson Company had gross wages of $180,000 during the week ended December 10. All earnings are subject to social security tax, while the amount of wages subject to federal and state unemployment taxes was $24,000. Tax rates are as follows:

Social security		6.0%
Medicare		1.5%
State unemployment		5.3%
Federal unemployment		0.8%

The total amount withheld from employee wages for federal income taxes was $32,000.

Required:

1. Journalize the entry to record the payroll for the week of December 10. If required, round your answers to the nearest cent. If an amount box does not require an entry, leave it blank or enter "0".

Wages Payable

Wages Payable

2. Journalize the entry to record the payroll tax expense incurred for the week of December 10. If required, round your answers to the nearest cent. If an amount box does not require an entry, leave it blank or enter "0".

1. Journalize the entry to record the payroll for the week of December 10. If required, round your answers to the nearest cent. If an amount box does not require an entry, leave it blank or enter "0". Wages Expense 18,000 Social Security Tax Payable Medicare Tax Payable Employees Federal Income Tax Payable Wages Payable 2. Journalize the entry to record the payroll tax expense incurred for the week of December 10. If required, round your answers to the nearest cent. If an amount box does not require an entry, leave it blank or enter "O". Payroll Tax Expense Social Security Tax Payable Medicare Tax Expense State Unemployment Tax Payable Federal Unemployment Tax Payable

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