Employee Net Pay Steven Friedman's weekly gross earnings for the week ending March 9 were $3,550, and her federal income tax withholding was $603.50. Assuming the social security tax rate is 6% and Medicare tax is 1.5% of all earnings, what is Friedman's net pay? If required, round your answer to two decimal places. Joumaize Period Payroll The payroll register of Chen Heritage Co. indicates $1,320 of social security withheld and $330 of Medicare tax withheld on total salaries of $22,000 fom period. Federal withholding for the period totaled $3,740. Retirement savings withheld from employee paychecks were $2,600 for the period. Provide the journal entry for the period's payroll. If an amount box does not require an entry, leave it blank. Journalize Payroll Tax The payroll register of Heritage Co. indicates $4,200 of social security withheld and $1,050 of Medicare tax withheld on total salaries of $70,000 for the period. Earnings of $12,000 are subject to state and federal unemployment compensation taxes at the federal rate of 0.8% and the state rate of 5.4% Provide the journal entry to record the payroll tax expense for the period. If an amount box does not require an entry, leave it blank. Previous Next 101200 Bon Nebo Co. sold 17,500 annual subscriptions of Bjorn for $57 during December 2015. These new subscribers will receive monthly issues, beginning in January 2016. In addition, the business had taxable income of $628,000 during the first calendar quarter of 2016. The federal tax rote is 40%. A quarterly ta payment will be made on April 12, 2016. Prepare the "Current liabilities section of the balance sheet for Bon Nebo Co. on March 31, 2016. Bon Nebo Co. Current Liabilities Section of Balance Sheet March 31, 20Y6 Current liabilities: Advances on magazine subscriptions Federal income taxes payable Total current liabilities The payroll register for D. Salah Company for the week-ended May 18 indicated the following: Salaries Federal income tax withheld $613,000 122,600 The salaries were all subject to the 6.0% social security tax and the 1.5% Medicare tax. In addition, state and federal unemployment taxes were calculated at the rate of 5.4% and 0.8%, respectively, on $12,000 of salaries. If an amount box does not require an entry, leave it blank. a. Journalize the entry to record the payroll for the week of May 18. May 18 b. Journalize the entry to record the payroll tax expense incurred for the week of May 18, May 18 Check My Work Previous Next > Widmer Company had gross wages of $147,000 during the week ended June 17. The amount of wages subject to social security tax was $132,300, while the amount of wages subject to federal and state unemployment taxes was $18,000. Tax rates are as follows: Social security Medicare State unemployment Federal unemployment 6.0% 1.5% 5.4% 0.8% The total amount withheld from employee wages for federal taxes was $29,400. If an amount box does not require an entry, leave it blank. If required, round answers to two decimal places. a. Journalize the entry to record the payroll for the week of June 17. June 7 b. Journalize the entry to record the payroll tax expense incurred for the week of June 17, June 7 Accrued Product Warranty Fosters Manufacturing Co. warrants its products for one year. The estimated product warranty is 4% of sales. Assume that sales were $207,000 for January, On February 7, a customer received warranty repairs requiring $325 of parts and $80 of labor. a. Journalize the adjusting entry required at January 31, the end of the first month of the current fiscal year, to record the accrued product warranty. If an amount box does not require an entry, leave it blank. b. Journalize the entry to record the warranty work provided in February. If an amount box does not require an entry, leave it blank