Answered: Summary Payroll Data In the following summary of
Summary Payroll Data Assume that the social security tax rate is 6% and the Medicare tax rate is 1.5%. In the following summary of data for a payroll period, some amounts have been intentionally omitted: Earnings: 1.
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Answered: The summary of the payroll for the… | bartleby
The summary of the payroll for the monthly pay period ending July 15 indicated the following: Sales salaries $125,000 Federal income tax withheld 32,300 Office salaries 35,000 Medical insurance withheld 7,370 Social security tax withheld 10,200 Medicare tax withheld 2,550 Journalize the entries to record (a) the payroll and (b) the employer's ...
Answered: The summary of the payroll for the… | bartleby
The summary of the payroll for the monthly pay period ending July 15 indicated the following: Sales salaries $135,000 Federal income tax withheld 32,300 Office salaries 30,000 Medical insurance withheld 7,370 Social security tax withheld 10,200 Medicare tax withheld 2,550 Journalize the entries to record (a) the payroll and (b) the employer's payroll tax expense for …
EX 10-10 Summary payroll data In the following summary of
SAOW ME HOW Determine the gross pay and the net pay for each of the three employees for the current pau period. EX 10-10 Summary payroll data In the following summary of data for a payroll period, some amounts have been intentionally omitted: Obj. 2 Va. (3) Total earnings, $540,000 Earnings: 1. At regular rate 2. At overtime rate 3.
Answered: The following summary data for the payroll period
2021年12月27日 · The following summary data for the payroll period ended December 27, 2021, are available for Cayman Coating Company: Gross pay $ 100,000 FICA tax withholdings ?question mark Income tax withholdings 15,150 Group hospitalization insurance 1,580 Employee contributions to pension plan ?question mark Total deductions 26,673 Net pay ?question mark ...
Answered: P3-10 Summary of payroll procedures… | bartleby
P3-10 Summary of payroll procedures Megerle Custom Cabinet Co. uses the job order cost system. In recording payroll transactions, the following accounts are used: Cash. Wages Payable. FICA Tax Payable. Federal Unemployment Tax Payable. State Unemployment Tax Payable. Employees Income Tax Payable. Payroll. Administrative Salaries. Miscellaneous ...
Answered: In the following summary of data for a… | bartleby
According to a summary of the payroll of Sinclair Company, $505,000 was subject to the 6.0% social security tax and $545,000 was subject to the 1.5% Medicare tax. Also, $10,000 was subject to state and federal unemployment taxes. Question Content Area Required: a.
(a) (b) Prepare a summary journal entry at December 31 for
No employee exceeds the $132,900 limit related to FICA taxes. Prepare a summary journal entry at December 31 for the full year's payroll. Journalize the adjusting entry at December 31 to record the employer's payroll taxes. (Round answers to 0 decimal places, e.g. 125, Credit account titles are automatically indented when amount is entered.
Answered: According to a summary of the payroll of Scotland
According to a summary of the payroll of Scotland Company, $450,000 was subject to the 6.0% social security tax and $500,000 was subject to the 1.5% Medicare tax. Federal income tax withheld was $98,000. Also, $15,000 was subject to state (4.2%) and federal (0.8%) unemployment taxes. The journal entry to record accrued payroll taxes would include a
Answered: For the year ended December 31, 2020, Waterway
2020年12月31日 · Payroll Tax Entries According to a summary of the payroll of Guthrie Co., $587,000 was subject to the 6.0% social security tax and the 1.5% Medicare tax. Also, $19,000 was subject to state and federal unemployment taxes. Question Content Area a.