Payroll distribution LO 3 The total wages and salaries earned by all employees of The Farside Manufacturing
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Payroll distribution LO3 The total wages and salaries earned by all employees of The Farside Manufacturing Company during the month of March, as shown in the labor cost summary and the schedule of fixed administrative and sales salaries, are classified as follows:
a. Prepare a journal entry to distribute the wages earned during March.
b. What is the total amount of payroll taxes that will be imposed on the employer for the payroll, assuming that two administrative employees with combined earnings this period of $1,500 have exceeded $8,000 in earnings prior to the period?
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