Question
In: Accounting
The payroll reaister for Gamble Company for the week ended April 29 indicated the following ...
The payroll reaister for Gamble Company for the week ended April 29 indicated the following
In addition, state and federal unemployment taxes were calculated at the rate of 5.4% and 0.6%, respectively, on $225,000 of salaries.
Required:
A. Journalize the entry to record the payroll for the week of April 29.
B. Journalize the entry to record the payroll tax expense incurred for the week of April 29.* Refer to the Chart of Accounts for exact wording of account titles.
Solutions
ekkarill92 answered 2 years agoRelated Solutions
he payroll register for Gamble Company for the week ended April 29 indicated the following: Salaries...
he payroll register for Gamble Company for the week ended April
29 indicated the following:
Salaries
$1,440,000
Social security tax withheld
86,400
Medicare tax withheld
21,600
Federal income tax withheld
288,000
In addition, state and federal unemployment taxes were
calculated at the rate of 5.4% and 0.6%, respectively, on $244,000
of salaries.
Required:
A.
Journalize the entry to record the payroll for the week of
April 29.*
B.
Journalize the entry to record the payroll tax expense incurred
for the...
The payroll register for Schmidt Company for the week ended April 29 indicated the following: Salaries...
The payroll register for Schmidt Company for the week ended
April 29 indicated the following:
Salaries
$1,440,000
Social security tax withheld
86,400
Medicare tax withheld
21,600
Federal income tax withheld
288,000
In addition, state and federal unemployment taxes were computed
at the rate of 5.4% and 0.6%, respectively, on $244,000 of
salaries.
Required:
a.
Journalize the entry to record the payroll for the week of
April 29.*
b.
Journalize the entry to record the payroll tax expense incurred
for the...
The payroll register for D. Salah Company for the week ended May 18 indicated the following:...
The payroll register for D. Salah Company for the week ended May
18 indicated the following:
Salaries
$544,000
Federal income tax withheld
108,800
The salaries were all subject to the 6.0% social security tax
and the 1.5% Medicare tax. In addition, state and federal
unemployment taxes were calculated at the rate of 5.4% and 0.8%,
respectively, on $10,336 of salaries.
Required:
a. Journalize the entry to
record the payroll for the week of May 18.*
b. Journalize the entry to...
Payroll Entries The payroll register for D. Salah Company for the week ended May 18 indicated...
Payroll Entries The payroll register for D. Salah Company for the week ended May 18 indicated the following: Salaries $615,000 Federal income tax withheld 165,000 The salaries were all subject to the 6.0% social security tax and the 1.5% Medicare tax. In addition, state and federal unemployment taxes were calculated at the rate of 5.4% and 0.8%, respectively, on $45,000 of salaries. For a compound transaction, if an amount box does not require an entry, leave it blank. a. Journalize the entry to record the payroll...
Entries for payroll and payroll taxesThe following information about the payroll for the week ended...
Entries for payroll and payroll taxesThe following information about the payroll for the week ended
December 30 was obtained from the records of Saine Co.:Calculate Saine's gross pay, net pay, and payroll taxes. Show
work.
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...
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
$223,000
Income tax withheld
$80,960
Warehouse salaries
123,000
Social security tax withheld
27,600
Office salaries
114,000
Medicare tax withheld
6,900
$460,000
Retirement savings
10,120
Group insurance
8,280
$133,860
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...
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
$274,000
Income tax withheld
$99,440
Warehouse salaries
151,000
U.S. savings bonds
12,430
Office salaries
140,000
Group insurance
10,170
$565,000
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
$192,000
Income tax withheld
$69,696
Warehouse salaries
106,000
Social security tax withheld
23,760
Office salaries
98,000
Medicare tax withheld
5,940
$396,000
Retirement savings
8,712
Group insurance
7,128
$115,236
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...
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
$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....
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