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Do It! Review 10-1b During the month of February, Bramble Corp.\'s employees eam

ID: 2584203 • Letter: D

Question

Do It! Review 10-1b During the month of February, Bramble Corp.'s employees eamed wages of $111,000. Withholdings related to these wages were $8,492 for Social Security (FICA) 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 state. (b) The company's payroll tax expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Credit a) Feb. 28 b) Feb. 28

Explanation / Answer

Feb-28 Salaries and wages expense 111000         Social Security FICA taxes payable 8492         Federal income tax payable 10650         State income tax payable 2850         Salaries and wages payable 89008 Feb-28 Payroll tax expense 8897         Social Security FICA taxes payable 8492         Federal unemployment taxes payable 165         State unemployment taxes payable 240

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