Apr. 1.   Paid the treasurer of the union the amount of union dues withheld from workers' earnings during March.   15.   Payroll: $6,105. All wages and salaries taxable. Withheld $565 for federal income taxes, $107.32 for state income taxes, and $50 for union dues.   15.   Paid the treasurer of the state the amount of state income taxes withheld from workers' earnings during the first quarter.   15.   Electronically transferred funds to remove the liability for FICA taxes and employees' federal income taxes withheld on the March payrolls.   29.   Payroll: $5,850. All wages and salaries taxable. Withheld $509 for federal income taxes, $128.90 for state income taxes, and $55 for union dues.   29.   Filed the Employer's Quarterly Federal Tax Return (Form 941) for the period ended March 31. No journal entry is required, since the FICA taxes and federal income taxes withheld have been timely paid.   29.   Filed the state contribution return for the quarter ended March 31 and paid the amount to the state unemployment compensation fund.

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The following transactions relating to payroll, payroll deductions, and payroll taxes occurred during December: On page 10 of the journal: Dec. Salary distribution: Officers Operations Office Deductions: Social security tax Medicare tax 2 Issued Check No. 410 for $3,400 to Jay Bank to purchase U.S. savings bonds for employees. Issued Check No. 411 to Jay Bank for $27,012 in payment of $9,280 of social security tax, $2,302 of Medicare tax, and $15,430 of employees' federal income tax due. 2 Journalized the entry to record the biweekly payroll. A summary of the payroll record follows: Federal income tax withhold 13 State income tax withheld Savings bond deductions 13 13 Net amount 16 19 On page 11 of the journal: Officers Medical insurance deductions 3,700 29,464 $45,736 Operations Office Salary distribution: Deductions: Social security tax Medicare tax 27 27 $42,400 Dec. 27 Journalized the entry to record the biweekly payroll. A summary of the payroll record follows: Net amount 27…

XYZ Company is processing payroll for the week ending January 9th. Employee earnings total $5,000.  Federal income tax withheld from employee paychecks totaled $1,100. The social security tax rate is 6%, the Medicare tax rate is 1.5%, the state unemployment tax rate is 5.4% and the federal unemployment tax rate is .8%. a) Journalize the payroll entry for the week. DATE   Debit Credit X/X                                         b) Journalize the payroll tax entry for the week. DATE   Debit Credit X/X

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Payroll entries Instructions Chart of Accounts Journal Instructions Widmer Company had gross wages of $370,000 during the week ended June 17. The amount of wages subject to social security tax was $370,000, while the amount of wages subject to federal and state unemployment taxes was $30,000. Tax rates are as follows: Social security 6.0% Medicare 1.5% State unemployment 5.4% Federal unemployment 0.8% The total amount withheld from employee wages for federal taxes was $43,000. Required: a. Journalize the entry to record the payroll for the week of June 17.* b. Journalize the entry to record the payroll tax expense incurred for the week of June 17.* * Refer to the Chart of Accounts for exact wording of account titles.

Payroll Entries                                               The payroll register for the Puhl Company for the week ended January 15th showed the following:                                               Wages     $800,000                 Federal Income Tax withheld     160,000                 Roth IRA deductions     5,000                 United Way deductions     1,200                 Union dues deductions     850                                         All the wages were subject to FICA (6% social security and 1.5% medicare tax)                       In addition, $620,000 of the wages were subject to federal and state unemployment taxes                       The state unemployment rate is 5.4% and the federal unemployment rate is 0.8%                                               Required:                       1. Journalize the entry to record the payroll for the week of January 15th. (Select the account from the dropdown menu)…

The following accounts, with the balances indicated, appear in the ledger of Garcon Co. on December 1 of the current year: 211 Salaries Payable 212 Social Security Tax Payable 213 Medicare Tax Payable 214 Employees Federal Income Tax Payable 215 Employees State Income Tax Payable 216 State Unemployment Tax Payable 217 Federal Unemployment Tax Payable 218 Retirement Savings Deductions Payable $ 9,273 $ 3,400 219 Medical Insurance Payable 411 Operations Salaries Expense 511 Officers Salaries Expense 512 Office Salaries Expense 519 Payroll Tax Expense 27,000 2,318 15,455 950,000 13,909 600,000 1,400 150,000 500 137,951 The following transactions relating to payroll, payroll deductions, and payroll taxes occurred during December: Dec. 2. Issued Check No. 410 for $3,400 to Jay Bank to invest in a retirement savings account for employees. 2. Issued Check No. 411 to Jay Bank for $27,046, in payment of $9,273 of social secu- rity tax, $2,318 of Medicare tax, and $15,455 of employees' federal…

Ehrlich Co. began business on January 2. Salaries were paid toemployees on the last day of each month, and social security tax,Medicare tax, and federal income tax were withheld in the requiredamounts. An employee who is hired in the middle of the month receiveshalf the monthly salary for that month. All required payroll tax reports were filed, and the correct amount of payroll taxes was remitted by thecompany for the calendar year. Early in the following year, before theWage and Tax Statements (Form W-2) could be prepared for distributionto employees and for filing with the Social Security Administration, theemployees' earnings records were inadvertently destroyed.None of the employees resigned or were discharged during the year, and there were no changes in salary rates. The social security tax waswithheld at the rate of 6.0% and Medicare tax at the rate of 1.5% onsalary. Data on dates of employment, salary rates, and employees'income taxes withheld, which are summarized as follows,…