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I need help breaking the answers down please help. R Tryon Consulting Company The payroll records of a company provided the following data for the
I need help breaking the answers down please help.
R Tryon Consulting Company The payroll records of a company provided the following data for the weekly pay period ended December 7: Employee Ronald Arthur John Baines Ted Carter YTD earnings Gross Pay 54,000 1,200 40,500 900 45,000 1,000 FIT SIT 216 162 180 60 45 50 The FICA social security tax rate is 6.2% and the FICA Medicare tax rate is 1.45% on all of this week's wages pa The federal and state unemployment tax rates are 0.8% and 5.4%, respectively, on the first $7,000 paid to eac Each employee has a deduction of $50 per week for medical insurance, $10 per week for union dues and $5 per we Complete the Payroll register below and Prepare the journal entries to (a) accrue the payroll and (b) record employer payroll taxes expense. (Don't forget yo Employee Ronald Arthur John Baines Ted Carter YTD earnings Gross Pay 54,000 1,200 40,500 900 45,000 1,000 Totals 3,100 FIT SIT 216 162 180 558 60 45 50 155 Debit Dec. 7 Salaries and wages expense Federal Income taxes payable State Income Taxes Payable FICA - Social Security Taxes Payable FICA - Medicare Taxes Payable Medical Insurance Payable Union Dues Payable United Way Payable Salaries Payable Payroll Taxes Expense FICA - Social Security Taxes Payable FICA-SS Credit FICA-Med FICA - Medicare Taxes Payable Each entry 2.6 points ended December 7: of this week's wages paid to each employee. first $7,000 paid to each employee. union dues and $5 per week for United Way. expense. (Don't forget your descriptions for each entry.) Medical Ins. Union dues United Way Net PayStep by Step Solution
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