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Help me solve this please? I want to see what you get :) Problem 11.2A Computing employer's social security tax, Medicare tax, and unemployment taxes.

Help me solve this please? I want to see what you get :)

Problem 11.2A Computing employer's social security tax, Medicare tax, and unemployment taxes. LO 11-2, 11-3

A payroll summary for Mark Consulting Company, owned by Mark Fronke, for the quarter ending June 30, 2019, appears below. The firm made the required tax deposits as follows

  1. For April taxes, paid on May 15.
  2. For May taxes, paid on June 17.

image text in transcribed

Social security 6.2 percent
Medicare 1.45
FUTA 0.6
SUTA 5.4

  1. Using the tax rates given above, and assuming that all earnings are taxable, make the general journal entry on April 8, 2019, to record the employers payroll tax expense on the payroll ending that date.
  2. Prepare the entries in general journal form to record deposit of the employee income tax withheld and the social security and Medicare taxes (employee and employer shares) on May 15 for April taxes and on June 17 for May taxes.

image text in transcribed

image text in transcribedimage text in transcribedSide note! You can only use these options below for all the tables.

Cash

Employee income tax payable

Federal unemployment tax payable

Interest expense

Interest payable

Medicare tax payable

Notes payable

Office salaries expense

Payroll taxes expense

Petty cash

Prepaid expenses

Prepaid worker's compensation insurance

Rent expense

Salaries expense

Salaries payable

Sales salaries expense

Sales tax payable

Social security tax payable

State unemployment tax payable

Utilities expense

Workers' compensation insurance expense

Workers' compensation insurance payable

Date Wages Paid April 8 15 22 May 5 12 Social Security Medicare Income Tax Tax Tax Deducted Deducted Withheld $ 138.38 $ 32.36 $ 221.00 143.84 33.64 228.00 138.38 32.36 221.00 141.11 33.00 225.00 $ 561.71 $131.36 $ 895.00 $ 135.66 $ 31.73 $ 217.00 138.38 32.36 221.00 138.38 32.36 221.00 141.11 33.00 225.00 $ 553.53 $129.45 $ 143.84 $ 33.64 $ 228.00 138.38 32.36 221.00 141.11 33.00 225.00 138.38 32.36 221.00 135.66 31.73 217.00 $ 697.37 $163.09 $1,112.00 $1,812.61 $423.90 $2,891.00 Total Earnings $ 2,232.00 2,320.00 2,232.00 2,276.00 $ 9,060.00 $ 2,188.00 2,232.00 2,232.00 2,276.00 $ 8,928.00 $ 2,320.00 2 ,232.00 2,276.00 2,232.00 2,188.00 $11,248.00 $29,236.00 19 26 June 2 9 16 23 30 Total Journal entry worksheet 2 3 Record payroll tax expense. Note: Enter debits before credits. General Journal Debit Credit Date April 08, 2019 Record entry Clear entry View general journal Journal entry worksheet

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