Reference no: EM132965364

Question - An employee receives an hourly rate of $15, with time and a half for all hours worked in excess of 40 during the week. Payroll data for the current week are as follows: hours worked, 46; federal income tax withheld, $120; cumulative earnings for the year prior to this week, $5,500; social security tax rate, 6.0%; Medicare tax rate, 1.5%; state unemployment compensation tax rate, 3.4% on the first $7,000; federal unemployment compensation tax, 0.8% on the first $7,000.

Journalize the entry for the payroll. If required, round your answers to two decimal places. If an amount box does not require an entry, leave it blank.

Journalize the entry for the employer's payroll tax expense. If required, round your answers to two decimal places. If an amount box does not require an entry, leave it blank.