Exercise 13-9 (Part Level Submission) Green Day Hardware Company’s payroll for November 2014 is summarized below....

Exercise 13-9 (Part Level Submission)

Green Day Hardware Company’s payroll for November 2014 is summarized below.

		Amount Subject to Payroll Taxes
			Unemployment Tax
Payroll	Wages Due		Federal	State
Factory	$148,000		$43,000	$43,000
Sales	36,300		4,700	4,700
Administrative	36,000
Total	$220,300		$47,700	$47,700

At this point in the year, some employees have already received wages in excess of those to which payroll taxes apply. Assume that the state unemployment tax is 2.5%. The FICA rate is 7.65% on an employee’s wages to $111,800 and 1.45% in excess of $111,800. Of the $220,300 wages subject to FICA tax, $24,000 of the sales wages is in excess of $111,800. Federal unemployment tax rate is 0.8% after credits. Income tax withheld amounts to $16,710 for factory, $6,360 for sales, and $5,260 for administrativePrepare the journal entries to record the factory, sales, and administrative payrolls including the employer’s payroll taxes

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