KMH Industries is a monthly schedule depositor of payroll taxes. For the month of August 2022, the
Question:
KMH Industries is a monthly schedule depositor of payroll taxes. For the month of August 2022, the payroll taxes (employee and employer share combined) were as follows:
Social Security tax: $3,252.28
Medicare tax: $760.61
Employee federal income tax: $2,520.00
Create the General Journal entry for the remittance of the taxes. The entry should be dated September 14, 2022. Use check 2052 in the description.
Transcribed Image Text:
1 2 3 45 6 88 7 Date Description Post Ref. Debit Credit 1 2 3 4 56780
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 77% (9 reviews)
ANSWER Debit Credit Cash 653389 Payroll Tax Expense 32522...View the full answer
Answered By
Hafiz Muhammad Safdar Ali
I have been a tutor for the past 5 years. I have experience working with students in a variety of subject areas, including computer science, math, science, English, and history. I have also worked with students of all ages, from elementary school to college. In addition to my tutoring experience, I have a degree in education from a top university. This has given me a strong foundation in child development and learning theories, which I use to inform my tutoring practices.
I am patient and adaptable, and I work to create a positive and supportive learning environment for my students. I believe that all students have the ability to succeed, and it is my job to help them find and develop their strengths. I am confident in my ability to tutor students and help them achieve their academic goals.
0.00
0 Reviews
10+ Question Solved
Related Book For
Payroll Accounting 2023
ISBN: 9781264415618
9th Edition
Authors: Jeanette M. Landin, Paulette Schirmer
Question Posted:
Students also viewed these Business questions
-
KMH Industries is a monthly schedule depositor of payroll taxes. For the month of August, the payroll taxes (employee and employer share) were as follows:
-
Legends Lead works is a monthly schedule depositor of payroll taxes. For the month of April, the payroll taxes (employee and employer share) were as follows?
-
Legends Leadworks is a monthly schedule depositor of payroll taxes. For the month of April 2022, the payroll taxes (employee and employer share) were as follows: Social Security tax: $5,386.56...
-
Simplity each of the follewing ratios. f r 15 15kg:350 g 0.45:085 ( 580 ml: L121:104 m/ 40 033:063: 18
-
The enlarged circular inset in Fig. 19.11 shows how the positive sodium ions in seawater are accelerated out the rear of the submarine to provide a propulsive force. But what about the negative...
-
Discuss evaluation of campaigns generally, explaining why it is important to be constantly vigilant when using techniques such as money-off coupons or competitions.
-
Explain why finance has been globalised over the past 20 years.
-
Richard Ramlall was hired by CloseCall (MD) Inc. to negotiate a billing dispute with Verizon involving some $2 million in asserted overcharges. CloseCall (MD) agreed to a contingent fee "bonus" for...
-
A newly formed firm must decide on a plant location. There are two alternatives under consideration: locate near the major raw materials or locate near the major customers. Locating near the raw...
-
Abanaki Carpets reported the following amounts in its 2018 financial statements. The 2017 figures are given for comparison. Requirements 1. Calculate Abanaki's acid-test ratio for 2018. (Round to two...
-
Although the company has already established medical and retirement plan benefits, Toni Prevosti wants to consider other benefits to attract employees. As the companys accountant, you have been...
-
What is always true about the income statement? a. Only accounts with balances at the end of the period are included. b. All income and expense accounts are included in the report. c. All liabilities...
-
In Exercises use a(t) = -32 feet per second per second as the acceleration due to gravity. (Neglect air resistance.) A balloon, rising vertically with a velocity of 16 feet per second, releases a...
-
According to the links below, how does Arizona treat adolescent offenders? https://jlc.org/issues/juvenile-life-without-parole...
-
Are there effective strategies/policies that could mitigate the impact of climate change on more vulnerable communities? Explain the key aspect of bureaucratic decision-making within the federal...
-
Astec Company is preparing budgets for the coming year. 120,000 labour hours will be 100% level of expected productive time, but a flexible budget at 90%, 110% and 120% is required so that cost...
-
6. An RL circuit is shown in the figure below. The switch is originally connected to position a, and the circuit reaches steady state. Vo " eee R (a). What are the circuit current, voltage across the...
-
What is your general impression of Ohio as a political entity; how is it typical or atypical when compared to the other 49 united states? What community and political variables are crucial to police...
-
Diagonalize the matrices in Exercises 1-2. Use your matrix program's eigenvalue command to find the eigenvalues, and then compute bases for the eigenspaces as in Section 5.1. 1. 2. 94 -2 -4 -56 3228...
-
Which one of the following anhydrous chloride is not obtained on direct heating of its hydrated chloride? (A) BaCl2 (B) CaClz (C) MgCl2 (D) SrCl2
-
Mountain Nursery Company grows a variety of plants and sells them to local nurseries. Raw materials consist of such items as seeds and the fertilizer required to grow plants from the seedling stage...
-
Carson Company produces a regular computer monitor that sells for $175 and a premium computer monitor that sells for $300. Last year, total overhead costs of $3,675,000 were allocated based on direct...
-
Provincial Company is deciding which of three approaches it should use to apply overhead to products. Information for each approach is provided in the following. ¢ One plantwide rate. The...
-
Businesses that incorporate more debt into their capital structures tend to have lower estimated equity values according to the DCF method. True False
-
It is 1 9 8 5 and your manager, Luisa, has requested you evaluate a potential investment option. The expansion would create a second location for Luisa s Surf Shop in Malibu. Three years ago, Luisa...
-
Consider the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow (B) 0 -$ 423,000 -$ 39,000 1 45,000 20,200 2 61,000 13,500 3 78,000 17,600 04 4 538,000 14,400 The required return...
Study smarter with the SolutionInn App