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In: Accounting

Entries for payroll and payroll taxesThe following information about the payroll for the week ended...

Entries for payroll and payroll taxes

The following information about the payroll for the week ended December 30 was obtained from the records of Saine Co.:

Salaries: Sales salaries Warehouse salaries Office salaries $ 625,000 240,000 320,000 $1,185,000 Deductions: Income tax withh

Calculate Saine's gross pay, net pay, and payroll taxes. Show work.


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Entries for Payroll and Payroll Taxes The following information about the payroll for the week ended...
Entries for Payroll and Payroll Taxes The following information about the payroll for the week ended December 30 was obtained from the records of Boltz Co.: Salaries: Deductions: Sales salaries $213,000 Income tax withheld $77,264 Warehouse salaries 117,000 U.S. savings bonds 9,658 Office salaries 109,000 Group insurance 7,902 $439,000 Tax rates assumed: Social security, 6% Medicare, 1.5% State unemployment (employer only), 5.4% Federal unemployment (employer only), 0.8% Required: If an amount box does not require an entry, leave it blank....
Entries for Payroll and Payroll Taxes The following information about the payroll for the week ended...
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Entries for Payroll and Payroll Taxes The following information about the payroll for the week ended...
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Entries for Payroll and Payroll Taxes The following information about the payroll for the week ended December 30 was obtained from the records of Boltz Co.: Salaries: Deductions: Sales salaries $303,000 Income tax withheld $110,000 Warehouse salaries 167,000 U.S. savings bonds 13,750 Office salaries 155,000 Group insurance 11,250 $625,000 Tax rates assumed: Social security, 6% Medicare, 1.5% State unemployment (employer only), 5.4% Federal unemployment (employer only), 0.8% Required: If an amount box does not require an entry, leave it blank....
Entries for Payroll and Payroll Taxes The following information about the payroll for the week ended...
Entries for Payroll and Payroll Taxes The following information about the payroll for the week ended December 30 was obtained from the records of Saine Co.: Salaries: Deductions: Sales salaries $301,000 Income tax withheld $109,296 Warehouse salaries 166,000 Social security tax withheld 37,260 Office salaries 154,000 Medicare tax withheld 9,315 $621,000 Retirement savings 13,662 Group insurance 11,178 $180,711 Tax rates assumed: Social security, 6% Medicare, 1.5% State unemployment (employer only), 5.4% Federal unemployment (employer only), 0.6% Required: If an amount...
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The following information about the payroll for the week ended December 30 was obtained from the records of Boltz Co.: Salaries: Deductions: Sales salaries $325,000 Income tax withheld $116,600 Warehouse salaries 200,000 U.S. savings bonds 14,674 Office salaries 142,000 Group insurance 12,006 $667,000 Tax rates assumed: Social security 6% State unemployment (employer only) 5.4% Medicare 1.5% Federal unemployment (employer only) 0.8% Required: 1. Assuming that the payroll for the last week of the year is to be paid on December...
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The following information about the payroll for the week ended December 30 was obtained from the records of Saine Co.: Salaries: Deductions: Sales salaries $226,000 Income tax withheld $81,840 Warehouse salaries 124,000 U.S. savings bonds 10,230 Office salaries 115,000 Group insurance 8,370 $465,000 Tax rates assumed: Social security, 6% Medicare, 1.5% State unemployment (employer only), 5.4% Federal unemployment (employer only), 0.8% If an amount box does not require an entry, leave it blank. 1a. Assuming that the payroll for the...
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