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2 McLoyd Company completed the salaries and wages payroll for March. The payroll provided the following details: Salaries and wages earned $ 600, 080 Employee
2 McLoyd Company completed the salaries and wages payroll for March. The payroll provided the following details: Salaries and wages earned $ 600, 080 Employee income taxes withheld 55, 500 4 FICA taxes withheld 42,960 points Unemployment taxes 4,170 Skipped Required: 1. Considering both employee and employer payroll taxes, use the preceding Information to calculate the total labor cost for the company for March. 2 & 3. Prepare the Journal entry to record the payroll for March, Including employee deductions (but excluding employer payroll taxes) =Book and record employer's FICA taxes and unemployment taxes. Hint Complete this question by entering your answers in the tabs below. Ack Req 1 Req 2 and 3 Print Considering both employee and employer payroll taxes, use the preceding information to calculate the total labor cost for the company for March. Total Labor Cost References Hint Complete this question by entering your answers in the tabs below. Ack Req 1 Req 2 and 3 Prepare the journal entry to record the payroll for March, including employee deductions (but excluding employer payroll Print taxes) and record employer's FICA taxes and unemployment taxes. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) References View transaction list Journal entry worksheet 2 > Record the payroll for March including employee deductions: Salaries and wages earned, $600,000; Employee income taxes withheld, $55,500; FICA taxes withheld, $42,900; Unemployment taxes, $4,170. Note: Enter debits before credits. Date General Journal Debit Credit March 31 Record entry Clear entry View general journalHint Complete this question by entering your answers in the tabs below. Ack Reg 1 Req 2 and 3 Print Prepare the journal entry to record the payroll for March, including employee deductions (but excluding employer payroll taxes) and record employer's FICA taxes and unemployment taxes. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) References View transaction list Journal entry worksheet
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