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A staff assistant is paid 3,500 salary monthly. She is married and has 2 withholding allowances. She is paid for the month of January on
A staff assistant is paid 3,500 salary monthly. She is married and has 2 withholding allowances. She is paid for the month of January on Jan 31st. Payroll taxes (federal income tax withholding, FICA and FUTA) from this payroll period are due to the IRS on Feb 15th. For this payroll period, determine the following: a. Employee income tax withholding: b. Employee FICA: C. Employer FICA: d. Employer FUTA: Record the above payroll transactions in your general ledger. Date Description Debit Credit Using the information above, determine the net change to Husker's balance sheet on Jan 31st Current Assets Current Liabilities Equity $ .00 $ .00 $ .00 Fixed Assets Long-term Liabilities $ .00 $ .00 A staff assistant is paid 3,500 salary monthly. She is married and has 2 withholding allowances. She is paid for the month of January on Jan 31st. Payroll taxes (federal income tax withholding, FICA and FUTA) from this payroll period are due to the IRS on Feb 15th. For this payroll period, determine the following: a. Employee income tax withholding: b. Employee FICA: C. Employer FICA: d. Employer FUTA: Record the above payroll transactions in your general ledger. Date Description Debit Credit Using the information above, determine the net change to Husker's balance sheet on Jan 31st Current Assets Current Liabilities Equity $ .00 $ .00 $ .00 Fixed Assets Long-term Liabilities $ .00 $ .00
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