In the Illustrative Case in this chapter, payroll transactions for Brookins Company were analyzed, joumalized, and posted for the third quarter of the fiscal year In this problem, you are to record the payroll transactions for the last quarter of the firm's fiscal year. The last quarter begins on Apnil 1. 20 Narrative of Transactions: Apr. 1. Paid the treasurer of the union the amount of unien dues withheld from workers' earnings during March. 5 Payrl: $8,310, All wages and salaries taxable, withheld $890 for tederal income taxes, $166.20 for state income taxes, and $140 for union dues. 15. Paid the treasurer of the state the amount of state income taxes withheld from workers" eamings during the first quarter Electronically transferred funds to remove the liability for FICA taxes and employees" federal income taxes withheld on the March payrolls 15. 29. Payroll: 57,975, All wages and salaries taxable. withheld $815 for federal income taxes, $151.50 for state 29. Filed the Employer's Querterly Federal Tex Return (Foom 941) for the period ended March 31. No journal entry 29. Filed the state contribution retum for the Quarter ended March 31 d paid the amount to e state income taxes, and $135 for unian dues is required, since the FICA taxes and federal income taxes withheld have been timely paid May 2. Paid the treasurer of the union the amount of union dues withheld from workers' eamings during April. 13. Payrell: $9,190. All wages and salaries taxable. withheld $875 for federal income taxes, $160.05 for state 16. Electronically transferred funds to remave the liability for FICA taxes and federal income taxes withheld on the 31. Payrolil: $3,755. All wages and salaries taxable. Withheld $971 for federal income taxes, $174.05 for state income taxes, and $135 for union dues Apnil payrolls. income taxes, and $140 for union dues June 3. Paid the treasurer af the union the amount of unien dues withheld from workers' earnings during May. 15. Payr $1,029 fer federal income taxes, $187.15 for state income taxes, and $145 for union dues :S9.110. All wages and salaries taxable, except only $4,210 is taxable under FUTA and SUTA, withheld 15. Electronically bransterred funds to remove the lability for FiCA taxes and federal income taxes withheld on the May payrolls. Payroll: $8,950, All wages and salaries taxable, except only $2,280 is taxable under FUTA and sUTA, Withheld $988 for federal income taxes, $183.95 for state income taxes, and $145 for union dues. 30
