Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Exercise 11-13 a-b (Part Level Submission) According to a payroll register summary of Bonita Company, the amount of employees gross pay in December was $864,000,

Exercise 11-13 a-b (Part Level Submission) According to a payroll register summary of Bonita Company, the amount of employees gross pay in December was $864,000, of which $80,000 was not subject to Social Security taxes of 6.2% and $755,000 was not subject to state and federal unemployment taxes. part

a) payroll tax expense: 67,894

Collapse question part b): Prepare the journal entry to record December payroll tax expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 5,275.) Account Titles and Explanation Debit Credit Click if you would like to Show Work for this question: Open Show Work

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

Fundamental Accounting Principles Volume 2

Authors: John Wild, Ken Shaw, Barbara Chiappetta

21st Edition

0077716663, 978-0077716660

More Books

Students also viewed these Accounting questions

Question

bisects the angle between them. Illustrate in R2. .VER"

Answered: 1 week ago

Question

Have you ever experienced deja vu?

Answered: 1 week ago