The payroll register of Konrath Co. indicates $13,200 of social security withheld and $3,300 of Medicare tax
Question:
The payroll register of Konrath Co. indicates $13,200 of social security withheld and $3,300 of Medicare tax withheld on total salaries of $220,000 for the period. Federal withholding for the period totaled $43,560.
Provide the journal entry for the period's payroll.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (19 reviews)
Salaries Expense 220000 Social ...View the full answer
Answered By
Nazrin Ziad
I am a post graduate in Zoology with specialization in Entomology.I also have a Bachelor degree in Education.I posess more than 10 years of teaching as well as tutoring experience.I have done a project on histopathological analysis on alcohol treated liver of Albino Mice.
I can deal with every field under Biology from basic to advanced level.I can also guide you for your project works related to biological subjects other than tutoring.You can also seek my help for cracking competitive exams with biology as one of the subjects.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Corporate Financial Accounting
ISBN: 978-1133952411
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
Question Posted:
Students also viewed these Accounting questions
-
The payroll register of Shortman Co. indicates $3,240 of social security withheld and $810 of Medicare tax withheld on total salaries of $54,000 for the period. Earnings of $5,000 are subject to...
-
The payroll register of Calpton Co. indicates $11,340 of social security withheld and $2,625 of Medicare tax withheld on total salaries of $189,000 for the period. Earnings of $19,000 are subject to...
-
You are asked to extract data from three input data files and create a new dataset with the columns and conditions given below. The specs for naming the various files to submit your homework are also...
-
What is the capacity for each of the containers in Problems 4754? (Give answers in the U.S. system to the nearest tenth of a gallon or in metric to the nearest tenth of a liter.) Orange 25 cm Juice...
-
An open-end manometer containing mercury is connected to a container of gas, as depicted in Sample Exercise 10.2. What is the pressure of the enclosed gas in torr in each of the following situations?...
-
Can you give examples of a hub in Africa, an emerging giant in Latin America and a resource-rich country in Eastern Europe?
-
Presented below are the financial statements of two companies that are identical in every respect except the method of valuing their inventories. The method of valuing inventory is LIFO for the LIFO...
-
Document for Analysis: Poor Action Request for Internship Your Task. Analyze the poorly written persuasive request. List its weaknesses. If your instructor directs, revise the letter. Add any...
-
3. A customer purchases 10 bonds that have a nominal yield of 8% p.a. at a price of 94 1/4. The customer will receive semi annual payments of: (a) $377 (b) $400 (c) $754 (d) $800 ANS: (b)
-
Four key organizational complements must be in place to ensure successful implementation and use of a new system. Which two of these components seem to be missing at your store?
-
Todd Thompson's weekly gross earnings for the week ended May 23 were $1,400, and his federal income tax withholding was $247.90. Assuming the social security rate is 6% and Medicare is 1.5% of all...
-
The payroll register of Longboat Co. indicates $5,400 of social security withheld and $1,350 of Medicare tax withheld on total salaries of $90,000 for the period. Retirement savings withheld from...
-
A large, braced robot arm for welding large structures is shown in Figure DP1.4. Sketch the block diagram of a closed-loop feedback control system for accurately controlling the location of the weld...
-
1. What is your overall reaction to the interrogation? 2. What types of stress reduction policies should police department administrators incorporate? 3. In child exploitation cases, what...
-
A thin film of oil with index of refraction n = 1.55 and thickness t = 75 nm floats on water. The oil is illuminated from above, perpendicular to the surface. (a) What is the longest wavelength of...
-
A newly-issued bond pays its coupons once annually. Its coupon rate is 5%, its maturity is 20 years, and its yield to maturity is 8%. a. Find the holding period return for a one-year investment...
-
Landon and Sappho created a 50/50 partnership. Landon brought $80,000 cash and a store worth $200,000 (adjusted basis $110,000, loan due of $30,000). Sappho transferred equipment worth $330,000...
-
Assume a low-flow rate of 1.5 gpm (gallons per minute). The water coming into your house is 10 C. You like hot showers at 40 C. Using your shower head's flow rate and the heat capacity equation...
-
A square with vertices \((1,1),(-1,1),(-1,-1)\), and \((1,-1)\) has area 4 . Calculate this area three times using the formulas in Eq. (6). = fxdy = f -y dx = 1 f xdy - ydx 2 area enclosed by C =
-
Use critical values to test the null hypothesis H0: 1 2 = 20 versus the alternative hypothesis H0: 1 2 20 by setting a equal to .10, .05, .01, and .001. How much evidence is there that the...
-
Here is an alphabetical list of the accounts of G. Marguerite on 31 December 20X1. Required: Prepare a 31 December 20Xl classified balance sheet (without amounts) for G. Marguerite. Accounts payable...
-
One-half of the adjusting entry is given below. Indicate the account title for the other half of the entry. (a) Salaries and Wages Expense is debited. (b) Depreciation Expense is debited. (c)...
-
Indicate, in the sequence in which they are made, the three required steps in the accounting cycle that involve journalizing.
-
If your school has a subscription to the FASB Codification, go to aaahq.org/ ascLogin.cfm to log in and prepare responses to the following. Instructions Access the glossary (Master Glossary) to...
-
Withdrawals increasing at a constant rate of 3 . 1 % are made semi - annually for seven years from an account earning 7 % compounded semi - annually. ( a ) What must be the balance in the account to...
-
Company ZZZ is an all - equity firm with 1 , 0 0 0 , 0 0 0 shares outstanding. Company ZZZ currently has a cash flow of $ 1 0 , 0 0 0 , 0 0 0 USDs and expects future free cash flows of $ 1 0 , 0 0 0...
-
Review the following earnings and deductions and determine where (what box) (or if) they should be reported on the employee's T4. Note it's possible that some items will be recorded in more than one...
Study smarter with the SolutionInn App