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Journal entries to record payroll and the employer expense

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Robin Bradley received a paycheck from her employer in the amount of $776.35. The paycheck stub indicated that in calculating her $776.35 net pay, $139.75 had been withheld for federal income tax, $34.25 for state income tax and $74.65 had been withheld for FICA. Assuming that Robin's employer had to matcher her share of FICA tax, and in addition had to pay unemployment insurance tax of $40.05, prepare journal entries that record these transactions in Robin's employers accounts.

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Solution Summary

The solution discloses the journal entries for the original entry for a payroll check. The second entry records the employer portion of the payroll tax expense.

Solution Preview

Please see the attached Excel file for clarity.

Robin's Employer Books

Gross salaries 1,025.00
FICA tax payable 74.65
Federal ...

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