159.List five internal controls that relate directly to payroll.
160.The payroll summary for December 31 for Waters Co. revealed total earnings of $80,000. Earnings subject to 6%social security tax were $60,000; earnings subject to 1.5% Medicare tax were $80,000; and earnings of $3,000were subject to 4.3% state and 0.8% federal unemployment compensation tax. Journalize the entry to record theaccrual of payroll taxes.
161.Perez Company has the following information for the pay period of January 15–31.
Gross payroll
$20,000
Federal income tax withheld
$2,500
Social security rate
6%
Federal unemployment tax rate
0.8%
Medicare rate
1.5%
State unemployment tax rate
5.4%
Assuming no employees are subject to ceilings for their earnings, calculate salaries payable and employer payrolltaxes payable.
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