156.According to a summary of the payroll of Scotland Company, $450,000 was subject to the 6.0% social security taxand $500,000 was subject to the 1.5% Medicare tax. Federal income tax withheld was...

156.According to a summary of the payroll of Scotland Company, $450,000 was subject to the 6.0% social security taxand $500,000 was subject to the 1.5% Medicare tax. Federal income tax withheld was $98,000. Also, $15,000 wassubject to state (4.2%) and federal (0.8%) unemployment taxes.

(a)Journalize the entry to record the accrual of payroll.

(b)Journalize the entry to record the accrual of payroll taxes.

157.The payroll register of Seaside Architecture Company indicates $970 of social security and $257 of Medicare taxwithheld on total salaries of $16,500 for the period. Federal withholding for the period totaled $4,235. Prepare thejournal entry for the period’s payroll.

158.The payroll register of Seaside Architecture Company indicates $870 of social security and $217 of Medicare taxwithheld on total salaries of $14,500 for the period. Assume earnings subject to state and federal unemploymentcompensation taxes are $5,250 at the federal rate of 0.8% and state rate of 5.4%. Prepare the journal entry torecord the payroll tax expense for the period.