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During January, Luxury Cruise Lines incurs employee salaries of $11 million. Withholdings in January are $84,150 for the employee portion of FCA, and $233,750 for
During January, Luxury Cruise Lines incurs employee salaries of $11 million. Withholdings in January are $84,150 for the employee portion of FCA, and $233,750 for employee federal and state. The company incurs an additional $68,200 for federal and state unemployment tax and $33.000 for the employer portion of health insurance (finge benefits payable to Bive Cross Blue Shield. Required: 1. to 3. Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in dollars, not in millions (l.e. 5 mililon should be. entered as 5,000,000). Journal entry worksheet
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