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% on maximum of $100,000;and Medicare tax rate,1.5% on all earnings;state unemployment compensation tax,3.4% on the first $7,000;federal unemployment compensation tax,.8% on the first $7,000.Prepare the journal entries to record the salaries expense and the employer payroll tax expense.

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The Answer of 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% on maximum of $100,000;and Medicare tax rate,1.5% on all earnings;state unemployment compensation tax,3.4% on the first $7,000;federal unemployment compensation tax,.8% on the first $7,000.Prepare the journal entries to record the salaries expense and the employer payroll tax expense.

An Employee Receives an Hourly Rate of $15,with Time and a Half