The payroll register of Seaside Architecture Company indicates $980 of Social Security and $255 of Medicare tax withheld on total salaries of $17,000 for the period. Federal withholding for the period totaled $3,260. Prepare the journal entry for the period's payroll. If an amount box does not require an entry, leave it blank.
Q: The payroll register for Kronberg Company indicates $13,200 of social security withheld and $3,300…
A: Total Salaries is the Gross Salary for the company to give out to the employees In a payroll…
Q: The payroll register of Clapton Co. indicates $11,340 of social security withheld and $2,835 of…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: The payroll register of Heritage Co. indicates $4,200 of social security withheld and $1,050 of…
A: Payroll Accounting: Employer-sponsored payroll accounting is basically the computation,…
Q: I need some help with the questions reffering to the image below. Complete Accounting Services has…
A: 1.
Q: Journalizing Payroll Transactions On December 31, the payroll register of Hamstreet Associates…
A: Introduction:- The act of recording or keeping track of any financial or non-financial action is…
Q: You have been asked to prepare the entry to record the payroll on February 15, 20X1, for Hotel…
A: To determine each employee's FICA tax liability, multiply their gross pay by 7.65%, as seen below.…
Q: The payroll register of Clapton Co. indicates $11,340 of social security withheld and $2,835 of…
A: Directly or indirectly employees and employers are liable for payroll taxes. The employer bore the…
Q: For tax purposes, assume that the maximum taxable earnings are $118,500 for Social Security and…
A: Payroll refers to the amount that should be paid to the workers of the company after deducting…
Q: The payroll register of Seaside Architecture Company indicates $800 of Social Security and S211 of…
A: Earnings subject to state and Federal unemployment taxes = $5,200 State unemployment tax payable =…
Q: The payroll register of Heritage Co. indicates $13,800 of social security withheld and $3,450 of…
A: State unemployment tax payable= Earnings x State rate= $36000*5.40%= $1944 Federal Unemployment tax…
Q: The payroll register of Seaside Architecture Company indicates $980 of Social Security and $254 of…
A: Salaries payable = Salaries expense -Social Security tax payable - Medicare tax payable - Employees…
Q: Journalizing Payroll Transactions On December 31, the payroll register of Hamstreet Associates…
A: Payroll is the compensation amount paid to its employees by a company for a set period and on a…
Q: The payroll register of Seaside Architecture Company indicates $860 of Social Security and $211 of…
A: Federal tax=Unemployment compensation tax×0.8%=$5,300×0.8%=$42.4
Q: The payroll register of Wang Heritage Co indicates $1,848 of social security withheld and $462.00 of…
A: Payroll taxes are levied on workers and companies depending on salaries, gratuities, and wages…
Q: The payroll register of Clapton Co. indicates $11,340 of social security withheld and $2,835 of…
A: Salaries Payable = Total salary - Social security tax - Medicare tax - Employees Federal Income tax
Q: The payroll register of Seaside Architecture Company indicates $920 of social security and $256 of…
A: Journal Entry It is used to record the business transactions of an enterprises
Q: According to a summary of the payroll of Guthrie Co., $560,000 was subject to the 6.0% social…
A: Part a:
Q: According to a summary of the payroll of Scotland Company, $450,000 was subject to the 6.0% social…
A: Social Security tax = Taxable Earnings x Social Security tax rate = $500,000*6.00% = $30,000…
Q: According to a summary of the payroll of Guthrie Co., $560,000 was subject to the 6.0% social…
A: Employer payroll taxes: The taxes which the employer must pay to the employees with their salaries…
Q: On September 30, Hilltop Company's selected payroll accounts are as follows: FICA Social Security…
A: Recording Amount deduction from Employee Salary and From Company. Particulars Debit Credit…
Q: The following totals for the month of April were taken from the payroll records of Windsor, Inc..…
A: Payment of net payroll = Gross salaries - FICA taxes withheld - Income taxes withheld - Medical…
Q: Record the journal entries for each of the following payroll transactions. If an amount box does not…
A: Payroll: Payroll refers to the total amount that is required to be paid by the company to its…
Q: he payroll register of Seaside architecture company indicates $915 of Social Security and $177 of…
A: A record is frequently recorded in the primary ledger; however, it may alternatively be entered in a…
Q: For the third quarter of the year, Johnson Company, 415 Circle Avenue, Chicago, Illinois 60652,…
A: Form 941: Form 941 shows the Quarterly report of the liabilities of the employee's federal tax,…
Q: or tax purposes, assume that the maximum taxable earnings are $118,500 for Social Security and…
A: Taxable earnings is the earnings upon which tax is calculated by the individual using the given tax…
Q: On September 30, Cody Company's selected account balances are as follows: Employees' Federal Income…
A: Journal entries are the basic foundation of financial statements in which at least two accounts are…
Q: The following information pertains to a weekly payroll of Fanelli Fashion Company: a. The wages…
A: Payroll Accounting: The process of payroll accounting includes the computation and payment of…
Q: The payroll register of Clapton Co. indicates $11,340 of social security withheld and $2,835 of…
A: Journal entry is always needed to make to record event and transaction that occurs during a…
Q: Entry for payrolltax expense The payroll register of Clapton Co. indicates $11,340 of social…
A: Payroll taxes are imposed directly or indirectly on employers and employees. It is the percentage of…
Q: According to a summary of the payroll of Scotland Company, salaries for the period were $500,000.…
A: Social Security tax = Taxable Earnings x Social Security tax rate = $500,000*6.00% = $30,000…
Q: The payroll of Sheridan Company for September 2019 is as follows.Total payroll was $492,000, of…
A: Payroll Accounting:The process of payroll accounting includes the computation and payment of…
Q: According to a summary of the payroll of Guthrie Co., $560,000 was subject to the 6.0% social…
A: A payroll tax is a tax deducted (withheld) by an employer from an employee's salary who pays it to…
Q: Required: If an amount box does not require an entry, leave it blank. 1a. Assuming that the…
A: Payroll accounting can be defined as the branch under the accounting system which records the…
Q: Journalize Payroll Tax The payroll register of Chen Engineering Co. indicates $1,956 of social…
A: 1. Gross salary = $32,600 2. Federal unemployment Tax = $10,100 x 0.6%=$60.60 3. State unemployment…
Q: Record the journal entries for each of the following payroll transactions. If an amount box does not…
A: In the financial method for an entity, a journal entry documents a commercial activity. Journal…
Q: The payroll register of Patel Engineering Co. indicates $1,440 of social security withheld and $360…
A: Journal: Recording of a business transactions in a chronological order.
Q: Journalize Period Payroll The payroll register of Wang Engineering Co. indicates $960 of social…
A: Payroll taxes: Payroll taxes are the taxes withheld by the employers from the wages/salary payable…
Q: Journalize the following data taken from the payroll register of CopyMasters as of April 15, 20—.…
A: Journal entry: Journal entry is a set of economic events which can be measured in monetary terms.…
Q: The payroll register of Seaside Architecture Company indicates $820 of social security and $219 of…
A: Solution:- Preparation of journal entry to record the employer payroll taxes expense as follows…
Q: According to a summary of the payroll of Scotland Company, salaries for the period were $400,000.…
A: Introduction: Journal: Recording of a business transactions in a chronological order.
Q: The payroll register of Castilla Heritage Co indicates $2,790 of social security withheld and…
A: Federal Unemployment Taxes = Taxable earnings x Federal Unemployment Taxes rate State Unemployment…
Q: Record the journal entries for each of the following payroll transactions. If an amount box does not…
A: The primary reporting of transactions in the books of accounts is referred to as journal entries.
Q: The payroll register of Seaside Architecture Company indicates $830 of Social Security and $210 of…
A: A payroll tax is a tax withheld from the salary of an employee by an employer who pays it to the…
Q: According to a summary of the payroll of Mountain Streaming Co., $110,000 was subject to the 6.0%…
A: In this question, we have been asked to calculate payroll tax expenses for which we have been given…
Q: Kinsella Inc. has a gross payroll of $13,500 for the pay period. The entire payroll is subject to…
A: Prepare journal entry to record wages and liabilites:
Q: e payroll register of Seaside Architecture Company indicates $970 of Social Security and $258 of…
A: INTRODUCTION: Payroll is the remuneration that a company must pay its employees for a specified…
Q: The payroll register of Seaside Architecture Company indicates $960 of social security and $260 of…
A: Payroll is the automation of settling the dues towards the employees of the organization and the…
Q: he payroll register of Chen Engineering Co. indicates $1,380 of social security withheld and $345 of…
A: Payroll deductions are the amounts that are mandatorily or voluntarily deducted by the employer from…
Q: According to a summary of the payroll of Scotland Company, $450,000 was subject to the 6.0% social…
A: SUTA is the state unemployment tax. The employers are required to pay SUTA taxes because these are…
The payroll register of Seaside Architecture Company indicates $980 of Social Security and $255 of Medicare tax withheld on total salaries of $17,000 for the period. Federal withholding for the period totaled $3,260.
Prepare the
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
- The totals line from Nix Companys payroll register for the week ended March 31, 20--, is as follows: Payroll taxes are imposed as follows: Social Security tax, 6.2%; Medicare tax, 1.45%; FUTA tax, 0.6%; and SUTA tax, 5.4%. REQUIRED 1. a. Prepare the journal entry for payment of this payroll on March 31, 20--. b. Prepare the journal entry for the employers payroll taxes for the period ended March 31, 20--. 2. Nix Company had the following balances in its general ledger before the entries for requirement ( 1 ) were made: a. Prepare the journal entry for payment of the liabilities for federal income taxes and Social Security and Medicare taxes on April 15, 20--. b. Prepare the journal entry for payment of the liability for FUTA tax on April 30, 20--. c. Prepare the journal entry for payment of the liability for SUTA tax on April 30, 20--.The payroll register of Chen Engineering Co. indicates $1,380 of social security withheld and $345 of Medicare tax withheld on total salaries of $23,000 for the period. Federal withholding for the period totaled $4,140. Provide the journal entry for the period's payroll. If an amount box does not require an entry, leave it blank.he payroll register of Seaside Architecture Company indicates $970 of Social Security and $258 of Medicare tax withheld on total salaries of $17,000 for the period. Federal withholding for the period totaled $3,260. Prepare the journal entry for the period's payroll. If an amount box does not require an entry, leave it blank. V Y Y
- The payroll register of Seaside Architecture Company indicates $990 of social security taxes and $251 of Medicare taxes withheld on total salaries of $15,500 for the period. Federal withholding for the period totaled $3,245. Journalize the entry for the payroll. If an amount box does not require an entry, leave it blank. 00000 ?The payroll register of Heritage Co. indicates $1,500 of social security withheld and $375 of Medicare tax withheld on total salaries of $25,000 for the period. Federal withholding for the period totaled $4,250. Retirement savings withheld from employee paychecks were $2,500 for the period. Journalize the entry to record the period’s payroll. If an amount box does not require an entry, leave it blank. blank Account Debit Credit blankThe payroll register of Seaside Architecture Company indicates $990 of social security and $252 of Medicare tax withheld on total salaries of $17,000 for the period. Federal withholding for the period totaled $3,250. Required: Prepare the journal entry for the period's payroll. Refer to the Chart of Accounts for exact wording of account titles.
- The payroll register of Seaside Architecture Company indicates $980 of social security taxes and $252 of Medicare taxes withheld on total salaries of $17,000 for the period. Federal withholding for the period totaled $3,245. Journalize the entry for the payroll. If an amount box does not require an entry, leave it blank. The payroll register of Seaside Architecture Company indicates $980 of social security taxes and $252 of Medicare taxes withheld on total salaries of $17,000 for the period. Federal withholding for the period totaled $3,245. Journalize the entry for the payroll. If an amount box does not require an entry, leave it blank.The payroll register of Patel Engineering Co. indicates $1,440 of social security withheld and $360 of Medicare tax withheld on total salaries of $24,000 for the period. Federal withholding for the period totaled $4,320. Provide the journal entry for the period's payroll. If an amount box does not require an entry, leave it blank. The payroll register of Patel Engineering Co. indicates $1,350 of social security withheld and $337.50 of Medicare tax withheld on total salaries of $22,500 for the period. Earnings of $6,300 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.The payroll register of Chen Heritage Co. indicates $2,220 of social security withheld and $555 of Medicare tax withheld on total salaries of $37,000 for the period. Federal withholding for the period totaled $6,290. Retirement savings withheld from employee paychecks were $2,650 for the period. Provide the journal entry for the period's payroll. If an amount box does not require an entry, leave it blank.
- The payroll register of Heritage Co. indicates $4,800 of social security withheld and $1,200 of Medicare tax withheld on total salaries of $80,000 for the period. Federal withholding for the period totaled $17,540. Retirement savings withheld from employee paychecks were $3,200 for the period. Journalize the entry to record the period’s payroll. If an amount box does not require an entry, leave it blank.. The payroll register of Seaside Architecture Company indicates $970 of social security and $257 of Medicare laxwithheld un tolal salaries of $16,500 for the period. Federal withholding for the period tolaled $4,235. Prepare thejournal entry for the period's payroll.The payroll register of Heritage Co. indicates $4,200 of social security withheld and $1,050 of Medicare tax withheld on total salaries of $70,000 for the period. Federal withholding for the period totaled $15,350. Retirement savings withheld from employee paychecks were $2,800 for the period. Provide the journal entry for the period's payroll. If an amount box does not require an entry, leave it blank. Salaries Expense 0 Social Security Tax Payable 0 Medicare Tax Payable 0 Employees Federal Income Tax Payable 0 Retirement Savings Deductions Payable 0 Salaries Payable 0