Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

JS Graded Assignment Question 2 of 14 > View Policies Current Attempt in Progress Bonita Corbin's regular hourly wage rate is $14, and she receives

image text in transcribed
image text in transcribed
image text in transcribed
JS Graded Assignment Question 2 of 14 > View Policies Current Attempt in Progress Bonita Corbin's regular hourly wage rate is $14, and she receives an hourly rate of $21 for work in excess of 40 hours. During a January pay period. Bonita works 45 hours. Bonita's federal income tax withholding is $98, she has no voluntary deductions, and the FICA tax rate is 7.65%. Use January 15 for the end of the pay period and the payment date Prepare the journal entries to record (a) Bonita's pay for the period and (b) the payment of Bonita's wages. Use January 15 for the end of the pay period and the payment date. (Round Intermediate calculation and final answers to 2 decimal places, es 15.25. Credit account titles are automatically indented when amount is entered. Do not indent manually) No. Date Account Titles and Explanation Debit Credit (a) Jan 15 Jan 16) 15 eTextbook and Media List of Accounts Savote Attempts MacBook Pro 28 Il > $ 4 * A 6 & 7 ) 0 2 5 8 9 { W E R T Y U 0 P. I -71 Question 3 of 14 View Policies Current Attempt in Progress In January, gross earnings in Sheffield Company totaled $72,000. All earnings are subject to 7.65% FICA taxes, 5.40% state unemployment taxes, and 0.80% federal unemployment taxes. Prepare the entry to record January payroll tax expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 5,275.). Debit Credit Date Account Titles and Explanation Jan. 31 e Textbook and Media List of Accounts Attempts: 0 of 3 used Submit Answer Save for later MacBook Pro go A % 5 & 7 2 3 4 6 8 9 0 Question 6 of 14 -11 11! View Policies Current Attempt in Progress In February, gross earnings in Napoli Company totaled $75,000. All earnings are subject to 7.65% FICA taxes, 5.4% state unemployment taxes, and 0.8% federal unemployment taxes Prepare the entry to record February payroll tax expense. (Round answers to decimal places, es. 5.275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 31 eTextbook and Media List of Accounts Sare for Later Attempts: 0 of 3 used Submit Answer MacBook Pro * 80 888 4 $ od 3 4 5 6 7 8 9 0 E R TY 1 C D

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions