Cal Yanza, an employer, is subject to FICA taxes but exempt from FUTA and SUTA taxes. During the last quarter of the year, his employees earned monthly wages of $8,600, all of which is taxable. The amount of federal income taxes withheld each month is $1,120. Journalize the payment of wages, and record the payroll tax on November 29.

For a compound transaction, if an amount box does not require an entry, leave it blank. When required, round your answers to the nearest cent.

Date	Account	Debit	Credit
Nov. 29	CashFICA Taxes Payable-HIFICA Taxes Payable-OASDIPayroll TaxesWages Expense	fill in the blank b411d7ff7fa2072_2	fill in the blank b411d7ff7fa2072_3
	FICA Taxes Expense-OASDIFICA Taxes Payable-OASDIPayroll TaxesSUTA Taxes PayableWages Expense	fill in the blank b411d7ff7fa2072_5	fill in the blank b411d7ff7fa2072_6
	FICA Taxes Expense-HIFICA Taxes Payable-HIPayroll TaxesSUTA Taxes PayableWages Expense	fill in the blank b411d7ff7fa2072_8	fill in the blank b411d7ff7fa2072_9
	Employees FIT ExpenseEmployees FIT PayablePayroll TaxesSUTA Taxes PayableWages Expense	fill in the blank b411d7ff7fa2072_11	fill in the blank b411d7ff7fa2072_12
	Accounts PayableCashEmployees FIT ExpensePayroll TaxesWages Expense	fill in the blank b411d7ff7fa2072_14	fill in the blank b411d7ff7fa2072_15
Nov. 29	CashEmployees FIT ExpenseEmployees FIT PayablePayroll TaxesWages Expense	fill in the blank b411d7ff7fa2072_17	fill in the blank b411d7ff7fa2072_18
	CashEmployees FIT PayableFICA Taxes Payable-OASDIPayroll TaxesWages Expense	fill in the blank b411d7ff7fa2072_20	fill in the blank b411d7ff7fa2072_21
	CashEmployees FIT PayableFICA Taxes Payable-HIPayroll TaxesWages Expense	fill in the blank b411d7ff7fa2072_23	fill in the blank b411d7ff7fa2072_24

Question Content Area

b. Prior to posting the November 29 payroll transaction, FICA Taxes Payable-OASDI, FICA Taxes Payable-HI, and Employees FIT Payable had zero balances. Yanza must pay the FICA taxes and income taxes withheld on the November 29 payroll. Journalize the electronic transfer of the payroll taxes on December 16.

If an amount box does not require an entry, leave it blank. Round your answers to the nearest cent.

Date	Account	Debit	Credit
Dec. 16	CashFICA Taxes Payable-OASDIPayroll TaxesSUTA Taxes PayableWages Expense	fill in the blank a86b14feafbd078_2	fill in the blank a86b14feafbd078_3
	CashFICA Taxes Payable-HIPayroll TaxesSUTA Taxes PayableWages Expense	fill in the blank a86b14feafbd078_5	fill in the blank a86b14feafbd078_6
	CashEmployees FIT PayablePayroll TaxesSUTA Taxes PayableWages Expense	fill in the blank a86b14feafbd078_8	fill in the blank a86b14feafbd078_9
	CashEmployees FIT PayableFICA Taxes Payable-HIPayroll TaxesWages Expense	fill in the blank a86b14feafbd078_11	fill in the blank a86b14feafbd078_12