The following information about the payroll for the week ended December 30 was obtained from the records of Saine Co.:     Salaries: Deductions: Sales salaries $282,000  Federal income tax withheld $102,256 Warehouse salaries 155,000  Social security tax withheld 34,860 Office salaries 144,000  Medicare tax withheld 8,715 $581,000  Retirement savings 12,782 Group insurance 10,458 $169,071   Tax rates assumed: Social security, 6% Medicare, 1.5% State unemployment (employer only), 5.4% Federal unemployment (employer only), 0.6% Required:   If an amount box does not require an entry, leave it blank.

Assuming no employees are subject to ceilings for their earnings, Harris Company has the following information for the pay period of January 15-31. Gross payroll| $19,738 Federal income tax withheld $2,900 Social security rate 6% Federal unemployment tax rate 0.8% Medicare rate 1.5% State unemployment tax rate 5.4% Salaries Payable would be recorded in the amount of Oa. $15,614.24 Ob. $19,738.00 Oc. $14,133.89 Od. $15,357.65

CALCULATION AND JOURNAL ENTRY FOR EMPLOYER PAYROLL TAXES Portions of the payroll register for Barney's Bagels for the week ended July 15 are shown below.The SUTA tax rate is 5.4%, and the FUTA tax rate is 0.6%,both of which are levied on the first $7,000 of earnings.The Social Security tax rate is 6.2% on the first $128,400 of earnings. The Medicare rate is 1.45% on gross earnings.     Calculate the employer's payroll taxes expense and prepare thejournal entry to record the employer'spayroll taxes expense for the week ended July 15of the current year.

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The payroll register for Gamble Company for the week ended April 29 indicated the following: Salaries $1,440,000 Social security tax withheld 86,400 Medicare tax withheld 21,600 Federal income tax withheld 288,000   In addition, state and federal unemployment taxes were calculated at the rate of 5.4% and 0.6%, respectively, on $244,000 of salaries.   Required: A. Journalize the entry to record the payroll for the week of April 29.* B. Journalize the entry to record the payroll tax expense incurred for the week of April 29.*   *Refer to the Chart of Accounts for exact wording of account titles.

Nov. 30: Journalized the monthly payroll for November, based on the following data. Description entries available are:  Cash, Medicare Tax Payable, No Entry Required, Sales Salaries Expenses, Sales Salaries Payable. Salaries   Deductions Sales salaries $135,000   Federal income tax withheld $39,266 Office salaries 77,250   Social security tax withheld 12,735   $212,250   Medicare tax withheld 3,184 Unemployment tax rates:   State unemployment 5.4% Federal unemployment 0.6% Amount subject to unemployment taxes:   State unemployment $5,000 Federal unemployment 5,000   Nov. 30: Journalized the employer's payroll taxes on the payroll. Description Debit Credit                                       Description Debit Credit                                 Dec. 14: Journalized the payment of the September 15 note at maturity. Description Debit Credit               Dec. 31: The pension cost for…

Journalize Payroll Tax The payroll register of Chen Engineering Co. indicates $1,956 of social security withheld and $489.00 of Medicare tax withheld on total salaries of $32,600 for the period. Earnings of $10,100 are subject to state and federal unemployment compensation taxes at the federal rate of 0.6% and the state rate of 5.4%. Provide the journal entry to record the payroll tax expense for the period. If an amount box does not require an entry, leave it blank. Round to two decimal places.

Entries for Payroll and Payroll Taxes The following information about the payroll for the week ended December 30 was obtained from the records of Boltz Co.:   Salaries:     Deductions:     Sales salaries $171,000     Income tax withheld $61,952   Warehouse salaries 94,000     U.S. savings bonds 7,744   Office salaries 87,000     Group insurance 6,336   $352,000                                 Tax rates assumed:   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. 2b.  Assuming that the payroll for the last week of the year is to be paid on January 5 of the following fiscal year, journalize the entry to record the employer's payroll taxes on the payroll to be paid on January 5. Because it is a new fiscal year, all $352,000 in salaries is subject to unemployment compensation taxes.   Date Account Debit Credit…

The payroll register for Star Express & Company for the pay period ended January 31, 20--, showed the following: Total Earnings $834,000.00 Taxable Earnings:      FUTA 6,700.00    SUTA 6,700.00    Social Security 787,000.00 Deductions:      Federal income tax 129,600.00    Social Security tax 48,794.00    Medicare tax 11,411.50    Pension plan 38,450.00    Health insurance 23,400.00    United Way 16,000.00 The Social Security tax rate is 6.2%, Medicare tax is 1.45%, FUTA tax is 0.8%, and SUTA tax is 5.4%.Required: 1. Prepare a journal entry to record the payroll on January 31, 20--. If required, round your answers to the nearest cent. If an amount box does not require an entry, leave it blank.

The following information about the payroll for the week ended December 30 was obtained from the records of Pharrell Co.: Salaries:    Sales salaries $350,000  Warehouse salaries 182,000  Office salaries 136,000   $668,000     Deductions:    Federal income tax withheld $117,000  Social security tax withheld 40,080  Medicare tax withheld 10,020  Retirement savings 14,696  Group insurance 12,024   $193,820     Tax rates assumed:   Social security 6% Medicare 1.5% State unemployment (employer only) 5.4% Federal unemployment (employer only) 0.6% Required: equired: 1. Assuming that the payroll for the last week of the year is to be paid on December 31, journalize the following entries (refer to the chart of accounts for the exact wording of the account titles. a. December 30, to record the payroll. b. December 30, to record the employer's payroll taxes on the payroll to be paid on December 31. Of the total payroll for the last week of…