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Blue Company pays its office employee payroll monthly. Below is a list of employees and their payroll data for August. Employee Earnings for August
Blue Company pays its office employee payroll monthly. Below is a list of employees and their payroll data for August. Employee Earnings for August Mark Hamill $4,020 Karen Robbins 3,690 Brent Kirk 2.700 Alec Guinness 7,280 Ken Sprouse 8,310 Assume that the income tax withheld is 10% of wages. Union dues withheld are 2% of wages. The Social Security rate is 8% on employee and employer. Make the journal entries necessary for the August payroll (assume the payroll is paid in August). The entries for the payroll and the company's payroll tax liability are made separately. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter O for the amounts.) Date August Account Titles and Explanation August (To record payroll for August) (To record payment of payroll taxes) eTextbook and Media List of Accounts Save for Later Debit Credit Attempts: 0 of 3 used Submit Answer
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