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CALVATO Problem 11-04 -b (Part Level Submission) (Video) The following payroll liability accounts are included in the ledger of Vaughn Company on January 1, 2020.

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CALVATO Problem 11-04 -b (Part Level Submission) (Video) The following payroll liability accounts are included in the ledger of Vaughn Company on January 1, 2020. FICA Taxes Payable 5730 federal Income Taxes Payable 1,205.00 State Income Taxes Payable 105.00 Federal Unemployment Takes Payable 280.00 State Unemployment Taxes Payable 1.940.00 Union Dues Payable 865 US Savings Bonds Payable 400 In January, the following transactions occurred. Jan 10 Sent check for 5665 to union treasurer for union dues 12 Remitted check for $1,935.00 to the Federal Reserve bank for FICA taxes and federal income taxes withheld 15 Purchased U.S. Savings Bonds for employees by writing check for $400 17 Paid state income taxes withheld from employees, 20 Pad federal and state unemployment taxes. 31 Completed monthly payroll register, which shows salaries and wages 565,000, FICA taxes withheld $5,049, federal income tax payable $1.990, state income taxes pavadintos para $410, United Fund contributions payable 51,840, and not pay $56,226. 31 Prepared payroll checks for the net pay and distributed checks to employees At landary 31, the company also makes the following accrued adjustments pertaining to employee compensation 1. Employer payroll: HCA taxes 7.65%, federal unemployment taxes 0.8%, and state unemployment taxes 54% 2. Vacation pay: 6% of gross earnings gnment Date Account Titles and Explanation Debit Credit

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