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Flounder Hardware Companys payroll for November 2017 is summarized below. Flounder Hardware Company's payroll for November 2017 is summarized below Amount Subject to Payroll Taxes

Flounder Hardware Companys payroll for November 2017 is summarized below.image text in transcribed

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Flounder Hardware Company's payroll for November 2017 is summarized below Amount Subject to Payroll Taxes Unemployment Tax Wages Due FICA Payroll Factory Sales Federal State $42,900 3,700 $42,900 3,700 $128,000 $128,000 32,600 32,600 36,300 36,300 $196,900 $196,900 Total $46,600 $46,600 At this point in the year, some employees have already received wages in excess of those to which payroll taxes apply. Assume that the state unemployment tax is 2.5%. The FICA rate is 7.65% on an employee's wages to $118,500 and 1.45% in excess of $118,500. Of the $196,900 wages subject to FICA tax, s20,700 of the sales wages is in excess of $118,500. Federal unemployment tax rate is 0.8% after credits, Income tax withheld amounts to $15,000 for factory, $7,500 for sales, and $6,600 for administrative. Your answer is partially correct. Try again. Prepare a schedule showing the employer's total cost of wages for November by function. (Round answers to 0 decimal places, e.g. 5,275.) Factory Sales Administrative Total Salaries and Wages 280 630 9690 FICA Taxes FUTA Taxes SUTA Taxes Total Cost Attempts: 1 of 3 used Prepare the journal entries to record the factory, sales, and administrative payrolls including the employer's payroll taxes. account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amoun 0 decimal places, e.g. 5,125.) Account Tities and Explanation Debit Credit To record salaries and wages expense.) To record payroll tax expense.) (To record salaries and wages expense.) (To record payroll tax expense.) dministrative Pavroll: (To record salaries and wages expense.) To record payroll tax expense.)

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