Keller Systems. Inc., completed payroll transactions during the period May 1 to June 15 of the current year. Payroll tax roles are as follows; social security, 0.2%; Medicare, 1.45%; federal unemployment, 0.8%; state unemployment, 5.4%. The company buys savings bonds for employees as accumulated withholdings reach the necessary amount to purchase a bond. No total earnings have exceeded the Tax base for calculating unemployment taxes. Keller Systems is a monthly schedule depositor for payroll taxes Instructions: Journalize the following transactions on page 14 of the cash payments journal and page 10 of the general journal given in the Working Papers. Source documents are abbreviated as follows: check, C, and memorandum, M. Transactions: May 15. Paid cash for April's payroll tax liability. Withheld taxes from April payrolls: employee income tax. $532.00; social security tax, $634.88; and Medicare tax, $148.40. C421. B642 Paid cash for semimonthly payroll. Total earnings, $5,250.00; withholdings: employee income tax, $273.00; U.S. Saving? Bonds, $60.00 (calculate the social security and Medicare deductions). C422. Recorded employer payroll taxes expense for the May 15 payroll. M42. Paid cash for U.S. Savings Bonds for employees, $300.00. C423. Paid cash for semimonthly payroll. Gross wages. $5.310.00; withholdings: employee income tax, $276.00; U.S. Savings Bonds, $60.00. C461. Recorded employer payroll taxes expense for the May 31 payroll. M46. Paid rash for federal unemployment tax liability for quarter ended March 31, $245.76. C462. Paid cash for state unemployment tax liability for quarter ended March 31, $1,658.88. C463. June 15. Paid cash for the May liability for employee income tax, social security tax, and Medicare tax, C487. (Calculate the social security and Medicare tax liabilities by multiplying total earnings for the period by 12.4% tor social security tax and 2.9% for Medicare tax) Paid cash for semimonthly payroll. Gross wages, $5,280.00; withholdings: employee income tax, $274.00; U.S. savings Bonds, $75.00. 0488. Recorded employer payroll taxes expense. M53. Prove and rule the cash payments journal. Keller Systems. Inc., completed payroll transactions during the period May 1 to June 15 of the current year. Payroll tax roles are as follows; social security, 0.2%; Medicare, 1.45%; federal unemployment, 0.8%; state unemployment, 5.4%. The company buys savings bonds for employees as accumulated withholdings reach the necessary amount to purchase a bond. No total earnings have exceeded the Tax base for calculating unemployment taxes. Keller Systems is a monthly schedule depositor for payroll taxes Instructions: Journalize the following transactions on page 14 of the cash payments journal and page 10 of the general journal given in the Working Papers. Source documents are abbreviated as follows: check, C, and memorandum, M. Transactions: May 15. Paid cash for April's payroll tax liability. Withheld taxes from April payrolls: employee income tax. $532.00; social security tax, $634.88; and Medicare tax, $148.40. C421. B642 Paid cash for semimonthly payroll. Total earnings, $5,250.00; withholdings: employee income tax, $273.00; U.S. Saving? Bonds, $60.00 (calculate the social security and Medicare deductions). C422. Recorded employer payroll taxes expense for the May 15 payroll. M42. Paid cash for U.S. Savings Bonds for employees, $300.00. C423. Paid cash for semimonthly payroll. Gross wages. $5.310.00; withholdings: employee income tax, $276.00; U.S. Savings Bonds, $60.00. C461. Recorded employer payroll taxes expense for the May 31 payroll. M46. Paid rash for federal unemployment tax liability for quarter ended March 31, $245.76. C462. Paid cash for state unemployment tax liability for quarter ended March 31, $1,658.88. C463. June 15. Paid cash for the May liability for employee income tax, social security tax, and Medicare tax, C487. (Calculate the social security and Medicare tax liabilities by multiplying total earnings for the period by 12.4% tor social security tax and 2.9% for Medicare tax) Paid cash for semimonthly payroll. Gross wages, $5,280.00; withholdings: employee income tax, $274.00; U.S. savings Bonds, $75.00. 0488. Recorded employer payroll taxes expense. M53. Prove and rule the cash payments journal