Question

Gross Payroll Journal Entry

Payroll Tax Journal Entry

Journalize the following payroll from information in the payroll register and the related employer payroll taxes and other expense:

Gross pay $ 200,000

Federal Income Tax Withheld 30,000

FICA - Social Security 12,500

FICA - Medicare 2,900

401(k) withholding 12,000

Union dues withheld 2,000

United Way withheld 3,000

Net Pay 137,600

FUTA 1,500

SUTA 10,500

ER 401(k) Match 25%

Journalize payroll and calculate/journalize payroll taxes and other

Answer 1

Account	Debit	Credit
Salaries expense	200,000
FIT payable		30,000
FICA social security payable		12,500
FICA medicare payable		2,900
401(k) payable		12,000
Union dues payable		2,000
United way payable		3,000
Salaries payable		137,600
(entry for salary expense)
Payroll tax expense	30,400
FICA social security payable		12,500
FICA medicare payable		2,900
401(k) payable		3,000
FUTA payable		1,500
SUTA payable		10,500
(entry for payroll tax expense)
FIT payable	30,000
FICA social security payable	25,000
FICA medicare payable	5,800
401(k) payable	15,000
Union dues payable	2,000
United way payable	3,000
Salaries payable	137,600
FUTA payable	1,500.00
SUTA payable	10,500.00
Cash		230,400
(entry for payment of liabilities)