The payroll register of Ruggerio Co. indicates $13,920 of social security withheld and $3,480 of Medicare tax withheld on total salaries of $232,000 for the period. Earnings of $32,000 are subject to state and federal unemployment compensation taxes at the federal rate of 0.60% and the state rate of 5.40%. On December 31, provide the journal entry to record the payroll tax expense for the period. Refer to the Chart of Accounts for exact wording of account titles.

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: Journalize the transactions shown

A: Calculate Salary expense = Gross salary - Tax payables - Insurance premium payables.

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 Longboat Co. indicates $5,400 of social security withheld and $1,350 of…

A: Payroll: Payroll refers to the total amount that is required to be paid by the company to its…

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

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

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 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 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: The payroll register of Chen Heritage Co. indicates $2,220 of social security withheld and $555 of…

A: Introduction: A journal entry is a record of a commercial transaction in an organization's…

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

A: Payroll tax: It refers to the tax that is levied on the company on the spending of its employees.…

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: Assuming no employees are subject to ceilings for their earnings, Jenkins  Company has the following…

A: Social security and Medicare tax rates are based on gross payroll. The federal income tax withheld,…

Q: According to a summary of the payroll of Scotland Company, $450,000 was subject to the 6.0% social…

A: The financial transactions are initially recorded in the form of journal entry.

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 $820 of social security and $215 of…

A: Employer payroll taxes: The taxes which the employer must pay to the employees with their salaries…

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: 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 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: According to a summary of the payroll of Scofield Industries Co., $600,000 was subject to the 6.0%…

A: 1. STATE UNEMPLOYMENT TAXES : = $20,000 X 4.2 % = $840   2. FEDERAL UNEMPLOYMENT TAXES : = $20,000…

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: According to a summary of the payroll of Guthrie Co., $560,000 was subject to the 6.0% social…

A: Part a:

Q: The payroll register of Salem Communications Co. indicates 6.2% of social security withheld and…

A: Payroll taxes are the amount of tax liability that is to be paid on payment of salaries and wages to…

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: The payroll registers for Schmidt Company for the week ended April 29 indicated the following:…

A:

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: According  to the accounted of larkspur, inc its payroll taxes for the week were as follows $133.50…

A: Given data: FICA tax = $133.5 Federal unemployment taxes = $16.50 State unemployment tax = $93

Q: The following totals for the month of April were taken from the payroll records of Shamrock Company.…

A: Net amount payable = Gross salaries - FICA taxes withheld - Income taxes withheld - Medical…

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: 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: According to a summary of the payroll of Scotland Company, $450,000 was subject to the 6.0% social…

A: Accrued salaries states the liability amount remaining at the end of the reporting year for salaries…

Q: The payroll register for Heilman Mfg. for the week of August 20th indicates the following: salaries…

A: Prepare journal entry to record payroll for the week of August 20:

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 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: The payroll register of Seaside Architecture Company indicates $840 of social security and $213 of…

A: Formula: State Unemployment Tax Payable = Total salaries x State Unemployment Tax rate Federal…

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: 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: The payroll register of heritage co. Indicates $3900 of social security withheld and $975 of…

A: Federal Unemployment Compensation taxes =$65,000×0.8%=$520   State Unemployment Compensation taxes…

Q: According to a summary of the payroll of Sinclair Company, $505,000 was subject to the 6.0% social…

A:

Q: The payroll register of Clapton Co. indicates $11,340 of social security withheld and $2,835 of…

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

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

A:

Q: The payroll register for Schmidt Company for the week ended April 29 indicated the following:…

A: Journal entries for recording the payroll and payroll tax for April 29.

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 totals for the month of April were taken from the payroll records of Nash's Trading…

A: Journal entry is the process of recording the business transactions in the books of accounts for the…

Q: The payroll register for D. Salah Company for the week ended May 18 indicated the following:…

A: Payroll tax expenses are the expenses which is related to payroll of an employee deduct by the…

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…