Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Entries for Payroll and Payroll Taxes The following information about the payroll for the week ended December 30 was obtained from the records of Saine

image text in transcribedimage text in transcribed

Entries for Payroll and Payroll Taxes The following information about the payroll for the week ended December 30 was obtained from the records of Saine Co.: Salaries: Sales salaries Warehouse salaries Office salaries $320,000 176,000 163,000 $659,000 Deductions: Income tax withheld Social security tax withheld Medicare tax withheld Retirement savings Group insurance $115,984 39,540 9,885 14,498 11,862 $191,769 Tax rates assumed: Social security, 6% Medicare, 1.5% State unemployment employer only), 5.4% Federal unemployment (employer only), 0.6% Required: If an amount box does not require an entry, leave it blank. Required amount desire an entry, we tank is. Arting that the payrol for the act of the write Der 11, ure the area and there Date Det Lb. ABILITIN that the payroll for the last one of the years to be seen Desubur 31. jaar their an Decanter 3D record the inslow's payroll on the rail to be on Dearbor 31. of the total payroll for the last wees of the past, $33,000 buc: to replay.me ACERTE De Credit De 30 2. Asunting that there for the best week of the year is te verwery of the fingressomalze the entry on December 30 to record the way Date Account Der 0 2b. Arting the the payroll the En in the entry to read the players payroll on the payroll babe paid on any 1. Deutral yorul $450,000 innbrie sujeta na plynem compared to Account Debit Crede Entries for Payroll and Payroll Taxes The following information about the payroll for the week ended December 30 was obtained from the records of Saine Co.: Salaries: Sales salaries Warehouse salaries Office salaries $320,000 176,000 163,000 $659,000 Deductions: Income tax withheld Social security tax withheld Medicare tax withheld Retirement savings Group insurance $115,984 39,540 9,885 14,498 11,862 $191,769 Tax rates assumed: Social security, 6% Medicare, 1.5% State unemployment employer only), 5.4% Federal unemployment (employer only), 0.6% Required: If an amount box does not require an entry, leave it blank. Required amount desire an entry, we tank is. Arting that the payrol for the act of the write Der 11, ure the area and there Date Det Lb. ABILITIN that the payroll for the last one of the years to be seen Desubur 31. jaar their an Decanter 3D record the inslow's payroll on the rail to be on Dearbor 31. of the total payroll for the last wees of the past, $33,000 buc: to replay.me ACERTE De Credit De 30 2. Asunting that there for the best week of the year is te verwery of the fingressomalze the entry on December 30 to record the way Date Account Der 0 2b. Arting the the payroll the En in the entry to read the players payroll on the payroll babe paid on any 1. Deutral yorul $450,000 innbrie sujeta na plynem compared to Account Debit Crede

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_2

Step: 3

blur-text-image_3

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

Introduction To Actuarial Science

Authors: John James Hardy

1st Edition

1332733697, 978-1332733699

More Books

Students also viewed these Accounting questions

Question

Are there any disadvantages to this tactic?

Answered: 1 week ago

Question

Who is the assigned manager for each tactic?

Answered: 1 week ago