Payroll Accounts and Year-End Entries 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 $17,898 213 Medicare Tax Payable 4,710 214 Employees Federal Income Tax Payable 29,045 215 Employees State Income Tax Payable 28,260 216 State Unemployment Tax Payable 2,983 217 Federal Unemployment Tax Payable 942 218 U.S. Saving Bond Deductions Payable 7,000 219 Medical Insurance Payable 54,600 411 Operations Salaries Expense 1,901,000 511 Officers Salaries Expense 1,240,000 512 Office Salaries Expense 316,000 519 Payroll Tax Expense 270,040 The following transactions relating to payroll, payroll deductions, and payroll taxes occurred during December: Dec. 2 Issued Check No. 410 for $7,000 to Jay Bank to purchase U.S. savings bonds for employees. Dec. 2 Issued Check No. 411 to Jay Bank for $51,653 in payment of $17,898 of social security tax, $4,710 of Medicare tax, and $29,045 of employees' federal income tax due. Dec. 13 Journalized the entry to record the biweekly payroll. A summary of the payroll record follows: Salary distribution:        Operations $86,000      Officers 57,000      Office 14,000 157,000 Deductions:        Social security tax 9,420      Medicare tax 2,355      Federal income tax withheld 29,045      State income tax withheld 7,065      Savings bond deductions 3,500      Medical insurance deductions 9,106 60,491 Net amount   96,509   Dec. 13 Issued Check No. 420 in payment of the net amount of the biweekly payroll. Dec. 13 Journalized the entry to record payroll taxes on employees' earnings of December 13: social security tax, $9,420; Medicare tax, $2,355; state unemployment tax, $740; federal unemployment tax, $240. Dec. 16 Issued Check No. 424 to Jay Bank for $52,595, in payment of $18,840 of social security tax, $4,710 of Medicare tax, and $29,045 of employees' federal income tax due. Dec. 19 Issued Check No. 429 to Sims-Walker Insurance Company for $54,600, in payment of the semiannual premium on the group medical insurance policy. Dec. 27 Journalized the entry to record the biweekly payroll. A summary of the payroll record follows: Salary distribution:        Operations $83,000      Officers 57,000      Office 14,000 154,000 Deductions:        Social security tax 9,240      Medicare tax 2,310      Federal income tax withheld 28,182      State income tax withheld 6,930      Savings bond deductions 3,500 50,162 Net amount   103,838   Dec. 27 Issued Check No. 541 in payment of the net amount of the biweekly payroll. Dec. 27. Journalized the entry to record payroll taxes on employees' earnings of December 27: social security tax, $9,240; Medicare tax, $2,310; state unemployment tax, $370; federal unemployment tax, $120. Dec. 27 Issued Check No. 543 for $42,255 to State Department of Revenue in payment of employees' state income tax due on December 31. Dec. 31 Issued Check No. 545 to Jay Bank for $7,000 to purchase U.S. savings bonds for employees. Dec. 31 Paid $83,000 to the employee pension plan. The annual pension cost is $108,000. (Record both the payment and unfunded pension liability.) Required: 1.  Journalize the transactions. If an amount box does not require an entry, leave it blank. For December 13th transactions, (a.) record the payroll and (b.) payment of salaries. For December 27th transactions, (a.) record the payroll, (b.) payment of salaries, (c.) record the taxes, and (d.) payment of taxes

Calculating Payroll Taxes Expense and Preparing Journal Entry Selected information from the payroll register of Ebeling's Dairy for the week ended July 7, 20--, is shown below. The SUTA tax rate is 5.4%, and the FUTA tax rate is 0.6%, both on the first $7,000 of earnings. Social Security tax on the employer is 6.2% on the first $128,400 of earnings, and Medicare tax is 1.45% on gross earnings.           Taxable Earnings Employee Name Cumulative PayBefore CurrentEarnings CurrentWeekly Earnings UnemploymentCompensation SocialSecurity Click, Katelyn       $6,660      $850       Coombs, Michelle   6,380      750       Fauss, Erin   23,010      1,220       Lenihan, Marcus   6,900      980       McMahon, Drew   125,200      5,260       Newell, Marg   25,150      1,110       Stevens, Matt   28,970      1,240

The following totals for the month of June were taken from the payroll register of Waterway Company. Salaries and wages $100000 FICA taxes withheld 7650 Income taxes withheld 17600 Medical insurance deductions 3200 Federal unemployment taxes 600 State unemployment taxes 5400 The entry to record the accrual of federal unemployment taxes would include a debit to Federal Unemployment Taxes Payable for $600. credit to Federal Unemployment Taxes Expense for $600. credit to Payroll Tax Expense for $600. credit to Federal Unemployment Taxes Payable for $600.

Journalize Period Payroll The payroll register of Wang Engineering Co. indicates $1,860 of social security withheld and $465 of Medicare tax withheld on total salaries of $31,000 for the period. Federal withholding for the period totaled $5,270. Provide the journal entry for the period's payroll. If an amount box does not require an entry, leave it blank. cash/employees federal income tax payable/payroll tax expense/salaries expense/salaries payable/social security tax expense/socail securtiy tax payable/medicare tax expense/medicare tax payable 10 blanks you have to fill out and indiacted which one it is.

Payroll Register The following data for Throwback Industries Inc. relate to the payroll for the week ended December 9, 20Y8:   Hours Hourly Weekly Federal Retirements Employee Worked Rate Salary Income Tax Savings Aaron 44   $46       $486.68   $75   Cobb 42   32       295.84   70   Clemente 45   24       216.6   100   DiMaggio 38   34       271.32   100   Griffey, Jr. 48   42       458.64   105   Mantle         $2,100   504.00   85   Robinson 35   36       189.00   70   Williams         2,350   517.00   75   Vaughn 43   28       249.20   70   Employees Mantle and Williams are office staff, and all of the other employees are sales personnel. All sales personnel are paid 1½ times the regular rate for all hours in excess of 40 hours per week. The social security tax rate is 6%, and Medicare tax is 1.5% of each employee's annual earnings. The next payroll check to be used is No. 901. Required: 1.  Prepare a payroll register for Throwback Industries Inc.…

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The payroll register of Seaside Architecture Company indicates $960 of social security and $260 of Medicare tax withheld on total salaries of $17,000 for the period. Federal withholding for the period totaled $3,245.   Required:   Prepare the journal entry for the period’s payroll. Refer to the Chart of Accounts for exact wording of account titles.     Chart Of Accounts     CHART OF ACCOUNTS Seaside Architecture Company General Ledger   ASSETS 110 Cash 111 Accounts Receivable 112 Interest Receivable 113 Notes Receivable 115 Inventory 116 Supplies 118 Prepaid Insurance 120 Land 123 Building 124 Accumulated Depreciation-Building 125 Office Equipment 126 Accumulated Depreciation-Office Equipment   LIABILITIES 210 Accounts Payable 213 Interest Payable 214 Notes Payable 221 Salaries Payable 222 Social Security Tax Payable 223 Medicare Tax Payable 224 Employees Federal Income Tax Payable 225 Employee…

Payroll Journal Entry 1.  Journalize the following data taken from the payroll register of CopyMasters as of April 15, 20—.When required, enter amounts in dollars and cents. If an amount box does not require an entry, leave it blank. Regular earnings $ 5,985 Overtime earnings   890 Deductions:           Federal income tax   615       Social Security tax   426.25       Medicare tax   99.69       Pension plan   70       Health insurance premiums   250       United Way contributions   90   General Journal     1.  Journalize the following data taken from the payroll register of CopyMasters as of April 15, 20—.When required, enter amounts in dollars and cents. If an amount box does not require an entry, leave it blank. Page:     DATE ACCOUNT TITLE DOC.NO. POST.REF. DEBIT CREDIT   1 20-- Apr. 15       fill in the blank ae6550f64073076_2 fill in the blank ae6550f64073076_3 1 2         fill in the blank ae6550f64073076_5 fill in the blank…

Entries for payroll and payroll taxes The following information about the weekly payroll was obtained from the records of Saine Co.: Salaries: Sales salaries Warehouse salaries Office salaries Deductions: Income tax withheld U.S. savings bonds Group insurance Tax rates assumed: $214,000 118,000 109,000 $441,000 $77,616 9,702 7,938 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. 1a. Assuming that the payroll related to the first full week of the year and was paid on January 11, journalize the entry on January 11, to record the payroll.