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McLoyd Company completed the salaries and wages payroll for March. The payroll provided the following details: 0.83 points Salaries and wages earned Employee income taxes
McLoyd Company completed the salaries and wages payroll for March. The payroll provided the following details: 0.83 points Salaries and wages earned Employee income taxes withheld FICA taxes withheld Unemployment taxes $430,000 39,775 30,745 2,990 eBook Required: Hint Print 1. Considering both employee and employer payroll taxes, use the preceding information to calculate the total labor cost for the company for March. 2, & 3. Prepare the journal entry to record the payroll for March, including employee deductions (but excluding employer payroll taxes) and record employer's FICA taxes and unemployment taxes. Employees were paid in March but amounts withheld were not yet remitted References Complete this question by entering your answers in the tabs below. Reg 1 Req 2 and 3 Considering both employee and employer payroll taxes, use the preceding information to calculate the total labor cost for the company for March. Total Labor Cost View transaction list Journal entry worksheet 1 2 > Record the payroll for March including employee deductions: Salaries and wages earned, $430,000; Employee income taxes withheld, $39,775; FICA taxes withheld, $30,745; Unemployment taxes, $2,990. Note: Enter debits before credits. General Journal Debit Credit Date March 31 Record entry Clear entry View general journal
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