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.

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 Ruggerio Co. indicates $10,500 of social security withheld and $2,625 of…

A:

Q: The payroll register of Seaside Architecture Company indicates $990 of social security and $252 of…

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: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: The annual accounting period ends December 31. On December 31, calculated the payroll, which…

A: Journal entries are recorded in a chronological manner and it forms first step in recording every…

Q: The payroll register of Longboat Co. indicates $5,400 of social security withheld and $1,350 of…

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Q: According to a summary of the payroll of Mountain Streaming Co., $110,000 was subject to the 6.0%…

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Q: Total payroll was $960,000, of which $220,000 is exempt from Social Security tax because it…

A: Payroll taxes include FUTA, SUTA, FICA and social security taxes. FUTA refers to Federal…

Q: The payroll register of Heritage Co. indicates $4,200 of social security withheld and $1,050 of…

A: Payroll seems to be the total of all remuneration that a company should provide to its employees…

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: Journalize period payroll The payroll register of Heritage Co. indicates $3,900 of social security…

A: Payroll cost of the business includes total costs related to salaries of the employees and their…

Q: The payroll reoster of Heritage Co. indicates $12,000 of social security withhekd and $3,000 of…

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Q: On January 21, the column totals of the payroll register for Great Products Company showed that its…

A: Journal entry: It is the activity of recording and summarizing business economic transaction in the…

Q: The Pri had a total payroll of $148,600.34 for the first quarter of the current year. It withheld…

A: Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: according to a summary of the payroll of Scotland company, salaries for the. Were 500,000 federal…

A: Introduction: A journal is the official book of the firm in which all transactions are documented in…

Q: The following information about the payroll for the week ended December 30 was obtained from the…

A: Payroll: The total payment that a company is required to pay to its employee for the services…

Q: The payroll register of Ruggerio Co. indicates $10,500 of social security withheld and $2,625 of…

A: Payroll: The total payment that a company is required to pay to its employee for the services…

Q: The payroll register of Patel Engineering Co. indicates $2,916 of social security withheld and $729…

A: Social security and Medicare tax: To give payments to retirees, widows, and surviving children, the…

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: he payroll register of Chen Heritage Co indicates $2,472 of social security withheld and $618.00 f…

A: Given information, Social security withheld = $2,472  Total salaries = $41,200  Medicare tax…

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: 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: The payroll register of Chupa Chup Engineering Services indicates $1,000 of social security withheld…

A: Employees and employers must pay payroll taxes on earnings and tips earned, as well as salary paid…

Q: The payroll register of Sara Company indicates $5,850 of social security tax withheld and $1,600 of…

A: Introduction: Payroll tax expense account is indeed the holding account used to keep track of the…

Q: The payroll register of Heritage Co. indicates $3,900 of social security withheld and $975 of…

A: Payroll: The total payment that a company is required to pay to its employee for the services…

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: The payroll register of Seaside Architecture Company indicates $820 of social security and $215 of…

A: Federal Unemployment Tax Payable ($4,900*0.8%) = $39.20 State Unemployment Tax Payable =…

Q: According to a summary of the payroll of Mountain Streaming Co., $110,000 was subject to the 6.0%…

A: Social Security tax = Social Security Taxable Earnings x Social Security tax rate = $110,000*6.00% =…

Q: The payroll register for Star Express & Company for the pay period ended January 31, 20--, showed…

A: Social Security tax = Social Security Taxable Earnings x Social Security tax rate = 787000*6.20% =…

Q: Journalize payroll taxThe payroll register of Heritage Co. indicates $4,200 of social security…

A: The payroll accounting includes the recording of the payroll expenses, employees'…

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: The payroll register of Salem Communications Co. indicates $29,580 of social security withheld and…

A: Debit the receiver and credit the giver. Debit what comes in and credit what goes out. Debit…

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: --

A: In Pay roll accounting first we have to record  wages as an expense […

Q: The payroll of YellowCard Company for September 2020 is as follows. Total payroll was $480,000, of…

A: Payroll Accounting: The process of payroll accounting includes the computation and payment of…

Q: The payroll register of Seaside Architecture Company indicates $990 of Social Security and $258 of…

A: Salaries Payable = Salaries Expense - Social Security Tax - Medicare Tax - Federal Income Tax =…

Q: JOURNALIZING AND POSTING PAYROLL ENTRIES Cascade Company has fouremployees. All are paid on a…

A: Journal entries refers to recording of business transactions into the books and it is the very…

Q: The payroll register of Heritage Co. indicates $3,900 of social security withheld and $975 of…

A: State Unemployment Tax Payable = Earnings x 5.4% = $10,000 x 5.4% = $540 Federal Unemployment Tax…

Q: a. On December 31, calculated the payroll, which indicates gross earnings for wages ($310,000),…

A: A journal entry refers to the recording of the business transactions and events in the books of…

Q: The November 2019 payroll of Walnut Company is $17,500,000, of which $2,150,000 is exempt from…

A: Prepare the journal entries to record payroll expense.

Q: The payroll register of Mountainside Architecture Company indicates $1,360 of Social Security and…

A: State Unemployment tax payable = taxable amount x  State Unemployment tax rate = 5200*5.4% = $280.80…

Q: The following information pertains to a weekly payroll of Texera Tile Company: a. The total wages…

A: Prepare journal entry to record payment of wages:

Q: On January 21, the column totals of the payroll register for Great Products Company showed that its…

A: Payroll is the total amount paid by the employer to its employee for the period and it includes all…

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: 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: The payroll of Novak Company for September 2019 is as follows. Total payroll was $454,000, of which…

A:

Payroll Entries

Payroll is a comprehensive record of employees that are paid by the company. Payroll classifies employees into various categories according to their function and pays scale (basic wage, allowance, income tax, other taxes, employee loans, etc.). Payroll processes form the bedrock of every organization as it contains sensitive information on the ‘wage and paycheck’ portion of the company’s strength—its employees. The organization needs to keep a track of the employees currently on the payroll, the net payout for the company, the record of transactions related to the employees including deductions and payroll taxes to identify the liability and its effect on the balance sheet (and other financial statements). Payroll records also include qualitative factors such as the conduct of the employee.