ASAP please
Use the following information for questions 19-22. XYZ's 3 employees earned a total of $2,000 of wages for the week. XYZ deducted $400 for federal income taxes, $200 for state income taxes $153 for Social Sec and Medicare. The company matches the Social Sec and Medicare tax and pays state unemployment tax of $80 and federal unemployment tax of $20. Calculate the payroll deductions, net pay, and employer taxes for the week and answer the following questions: What would be the amount of Total Employee Deductions/Taxes Payable for the week? $ 753 $ 853. $1606. $1247 QUESTION 20 2 pc What would be the amount of Employer Payroll Taxes? O $ 753 $ 853 $1606. $1247 2 po QUESTION 21 What would be the amount of Net Pay? $ 753 $ 853. $1606. $1247 QUESTION 22 2 poil What is the entry when the payroll is paid? Debit Payroll Liabilities (Fed Income Tax Payable, State Income Tax Payable, Soc Sec&Medicare Payable), Credit Salaries & Wages Expense, Credit Cash Debit Cash, Credit Salaries & Wages Expense Debit Salaries & Wages Expense, Credit Payroll Liabilities(Fed Income Tax Payable, State Income Tax Payable, Soc Sec&Medicare Payable) Credit Cash Debit Employer Payroll Taxes, Credit Employer Payroll Tax Liabilities QUESTION 23 What journal entry would be recorded if XYZ Co sells notebook computers with a 1 year warranty for $100,000 cash and collects 7% sales tax, Debit Cash $100,000, Credit Revenue $100,000 Debit Cash $107,000, Credit Sales Tax Payable $7,000, Credit Revenue $100,000 Debit Cash $100,000, Credit Sales Tax Payable $7,000, Credit Revenue $93,000 Sales Tax Payable $107,000, Credit Cash $107,000 QUESTION 24 What would be the journal to record the warranty obligation if XYZ estimates that claims submitted for warranties will be about 2% of $100,000 of sales? Debit Cash $100,000, Credit Warranties Payable $100,000 Debit Warranty Expense $2000, Credit Warranties Payable $2000 Debit Warranties Payable $1,000, Credit Cash $1,000 Debit Revenue $2,000, Credit Warranties Payable $2,000