The Summary of the Payroll for the Monthly Pay Period

question 83

Essay

The summary of the payroll for the monthly pay period ending July 15 indicated the following:
$\begin{array}{ll}\$ 125,000 & \text { Saless salaries } \\32,300 & \text { Federal income tax withheld } \\35,000 & \text { Office salaries } \\7,370 & \text { Medical insurance withheld } \\10,200 & \text { Social security tax withheld } \\2,550 & \text { Medicare tax withheld }\end{array}$ Journalize the entries to record (a) the payroll and (b) the employer's payroll tax expense for the month. The state unemployment tax rate is 3.1%, and the federal unemployment tax rate is 0.8%. Only $25,000 of salaries are subject to unemployment taxes.

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Definitions:

Inner Hair Cells

Sensory cells located within the cochlea of the inner ear, crucial for converting sound vibrations into electrical signals.

Regenerate

To regenerate means to regrow or repair cells, tissues, or organs that have been damaged or lost, a capability seen in various organisms.

Cilia

Microscopic hair-like structures that extend from the surface of many cell types, involved in movement and sensory functions.

Echolocation

The ability to use sound to locate objects in space.