Do Itt Review 10-1b federal income tax, and $2,090 for state income tax. Costs i

Question

Do Itt Review 10-1b federal income tax, and $2,090 for state income tax. Costs incurred for unemployment taxes were $121 for federal and $176 for state Prepare the February 28 journal entries for (a) Salaries and wages expense and salaries and wages payable assuming that all February wages will be paid in March Ouring the month of February, Cheyenne Corp.'s employees earmed wages of $81,400. Withholdings related to these wages were $6,227 for Social Security (FICA) $7,810 for (b) The company's payroll tax expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually,)

Explanation / Answer

Journal entries:

Feb 28 Salaries and wages expense $81400

To FICA Taxes payable $6227

To Federal income tax $8260

To state income tax $2090

To salaries and wages payable $64823

Feb 28 Payroll taxes expenses $6524

To FICA taxes payable $6227

To Federal unemployment taxes payable $121

To State unemployment taxes payable $176.

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