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I would like to see what you get please. Problem 11.4A Computing and recording unemployment taxes; completing Form 940. LO 11-6, 11-7 Certain transactions and

I would like to see what you get please.

Problem 11.4A Computing and recording unemployment taxes; completing Form 940. LO 11-6, 11-7

Certain transactions and procedures relating to federal and state unemployment taxes follow for Fancy Nancy LLC, a retail store owned by Nancy Roberts. The firms address is 2007 Trendsetter Lane, Dallas, TX 75268-0967. The firms phone number is 972-456-1200.The employers federal and state identification numbers are 75-9462315 and 37-9462315, respectively. Carry out the procedures as instructed in each of the following steps.

Name of Employee Total Earnings
Terri Roma $ 5,585
Jo Guyton 3,550
Gloria Bermudez 3,873
Susie Scott 5,045
Anita Thomas 3,775
Terri Wong 2,685
Total $ 24,513

Required:

  1. Compute the state unemployment insurance tax owed on the employees wages for the quarter ended March 31, 2019. This information will be shown on the employers quarterly report to the state agency that collects SUTA tax. The employer has recorded the tax on each payroll date. Although the state charges a 5.4 percent unemployment tax rate, Fancy Nancy LLCs rate is only 1.7 percent because of its experience rating. The employee earnings for the first quarter are shown above. All earnings are subject to SUTA tax.
  2. On April 30, 2019, the firm issued a check to the state employment commission for the amount computed above. In general journal form, record the issuance of the check.

image text in transcribedimage text in transcribedSide note: Please only use these options below for the entry.

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

Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the state unemployment insurance tax owed on the employees' wages for the quarter ended March 31, 2019. This information will be shown on the employer's quarterly report to the state agency that collects SUTA tax. The employer has recorded the tax on each payroll date. Although the state charges a 5.4 percent unemployment tax rate, Fancy Nancy LLC's rate is only 1.7 percent because of its experience rating. The employee earnings for the first quarter are shown above. All earnings are subject to SUTA tax. (Round "Rate" answer to 3 decimal places. I.e., 12.3% should be entered as 0.123) Show less Total amount Rate State unemployment insurance tax Required 1 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 On April 30, 2019, the firm issued a check to the state employment commission for the amount computed above. In general journal form, record the issuance of the check. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet Record payment of quarterly SUTA. Note: Enter debits before credits. General Journal Debit Credit Date April 30, 2019 Record entry Clear entry View general journal

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