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KA  The following payroll summary is prepared for the Sothern Manufacturing Company for the week ending March 29: Direct labor: Job No. 200 $10,300 Job No. 201 7,000 Job No. 202 6,500 Total direct labor $23,800 Indirect labor 6,200 Total gross payroll $30,000 Payroll taxes and insurance are to be computed as follows: Employee’s Employer’s Share Share Federal income tax withheld $4,300 State unemployment tax 5% Federal unemployment tax 1% FICA tax 8% 8% Disability insurance .5% .5% Workmen compensation insurance 2% Instructions Prepare the general journal entries to: a. Record the payroll b. Pay the payroll c. Distribute the payroll to the appropriate accounts. d. Record the payroll taxes.

KA  The following payroll summary is prepared for the Sothern Manufacturing Company for the week ending March 29: Direct labor: Job No. 200 $10,300 Job No. 201 7,000 Job No. 202 6,500 Total direct labor $23,800 Indirect labor 6,200 Total gross payroll $30,000 Payroll taxes and insurance are to be computed as follows: Employee’s Employer’s Share Share Federal income tax withheld $4,300 State unemployment tax 5% Federal unemployment tax 1% FICA tax 8% 8% Disability insurance .5% .5% Workmen compensation insurance 2% Instructions Prepare the general journal entries to: a. Record the payroll b. Pay the payroll c. Distribute the payroll to the appropriate accounts. d. Record the payroll taxes.

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter8: Employer Taxes, Payments, And Reports
Section: Chapter Questions
Problem 2PA
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The following payroll summary is prepared for the Sothern Manufacturing Company for the week ending March 29: Direct labor: Job No. 200 $10,300 Job No. 201 7,000 Job No. 202 6,500 Total direct labor $23,800 Indirect labor 6,200 Total gross payroll $30,000 Payroll taxes and insurance are to be computed as follows: Employee’s Employer’s Share Share Federal income tax withheld $4,300 State unemployment tax 5% Federal unemployment tax 1% FICA tax 8% 8% Disability insurance .5% .5% Workmen compensation insurance 2% Instructions Prepare the general journal entries to: a. Record the payroll b. Pay the payroll c. Distribute the payroll to the appropriate accounts. d. Record the payroll taxes.

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