Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

County Company had the flowing partially completed payroll register Ok the oor to view the petal pay (Click the icon to view pay tax rate

County Company had the flowing partially completed payroll register Ok the oor to view the petal pay (Click the icon to view pay tax rate infomation) Haquirement t. Core the paym register. Round to two decimals (found all amounts to the neatent Abbreviations used Beg Degning Cum Cumleve Eam Eanings Exp Expense Med Medan Imuran Win Wedge Check) Earnings Wholdings More info Current Ending Cam Period Cum Income Health United Total Chk Wages Earn Ran Ear CASO Med Tu For all payroll calculations, use the following tax rates and round amounts to the In Way with Pay No. Exp $83,000 $3700 $1309 741 30 801 127.000 9.000 3.150 180 30 BOZ 40,000 2.500 925 50 0 Employer 803 Employee OASO 6.2% on first $132.300 samed Medicare 1.45% po $200,000, 2.35% on samings above $200,000 OASC: 62% first $132,900 eamed Medicare 1.45% FUTA 0.6% on a $7,000 samet SUTA 54% on first $7.000 64.500 4,100 1,435 12 35 804 0 4,000 1,400 80 0 806 Print Done $34.500 $ 23,300 8279 S 400 Beginning; Cum. Cumulative; Eam. = Earnings; Exp. = Expense; Med. = Medicare; Ins. Insu i Requirements - X 1. Complete the payroll register. Round to two decimals. 2. Journalize County Company's salaries and wages expense accrual for the current pay period. 3. Journalize County Company's expenses for employer payroll taxes for the current pay period. 4. Journalize the payment to employees. 5. Journalize the payment for withholdings and employer payroll taxes. Print Doneimage text in transcribedimage text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Comparative International Accounting

Authors: Christopher Nobes, Robert Parker

14th Edition

1292296461, 978-1292296463

More Books

Students also viewed these Accounting questions

Question

6. How can a message directly influence the interpreter?

Answered: 1 week ago