FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question 19 (of 21)
Based on the payroll information for Romac Electric that follows.
Total gross earnings: $2,462.00
Social security tax rate: 6.2%
ledicare tax rate: 1.45%
State unemployment tax rate: 5.4%
Federal unemployment tax rate: 0.8%
Find the correct tax payable amounts. Social Security Tax Payable and Medicare Tax Payable amounts are
to include both the employee's and employer's taxes. (Round your answers to 2 decimal places after
performing the calculations. Omit the "S" sign in your response.)
1. Social Security Tax Payable (employees' and employer's)
2. Medicare Tax Payable (employees' and employer's)
3. State Unemployment Tax Payable
4. Federal Unemployment Tax Payable
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直
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Transcribed Image Text:%24 %24 %24 xoon Mail - Joel Lopez - Outlook ezto.mheducation.com Chapter 12 Working Papers.x x https://ezto.mheducation.com/hm.tpx Question 19 (of 21) Based on the payroll information for Romac Electric that follows. Total gross earnings: $2,462.00 Social security tax rate: 6.2% ledicare tax rate: 1.45% State unemployment tax rate: 5.4% Federal unemployment tax rate: 0.8% Find the correct tax payable amounts. Social Security Tax Payable and Medicare Tax Payable amounts are to include both the employee's and employer's taxes. (Round your answers to 2 decimal places after performing the calculations. Omit the "S" sign in your response.) 1. Social Security Tax Payable (employees' and employer's) 2. Medicare Tax Payable (employees' and employer's) 3. State Unemployment Tax Payable 4. Federal Unemployment Tax Payable Type here to search 直
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Question 20 (of 21)
20.
The following totals were taken from the payroll register of the Riche Moving Company.
$ 9,814.40
Total gross earnings of all employees:
Total social security tax withheld:
608.49
142.31
Total medicare tax withheld
Total federal income tax withheld
Total insurance premiums withheld
1,766.00
804.00
Record the entry for the weekly payroll on general journal. (Round your answers to 2 decimal places.
Omit the "S" sign in your response.)
Date
General Journal
Debit
Credit
June 14
(Click to select)
(Click to select)
(Click to select)
(Click to select)
(Click to select)
(Click to select)
C2021 McGraw-Hill Education. All rights reserveC
P Type here to search
近。
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Transcribed Image Text:<. Ôhttps://ezto.mheducation.com/hm.tpx <> Question 20 (of 21) 20. The following totals were taken from the payroll register of the Riche Moving Company. $ 9,814.40 Total gross earnings of all employees: Total social security tax withheld: 608.49 142.31 Total medicare tax withheld Total federal income tax withheld Total insurance premiums withheld 1,766.00 804.00 Record the entry for the weekly payroll on general journal. (Round your answers to 2 decimal places. Omit the "S" sign in your response.) Date General Journal Debit Credit June 14 (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) C2021 McGraw-Hill Education. All rights reserveC P Type here to search 近。
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