Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

nment/takeAssignment inprogress true nstruetions Employer Payroll Taxes General Jounal Calculating Payroll taxes Expense and Preparing Journal Entry nkover is 6.2% on the first 111 8,500-

image text in transcribed
nment/takeAssignment inprogress true nstruetions Employer Payroll Taxes General Jounal Calculating Payroll taxes Expense and Preparing Journal Entry nkover is 6.2% on the first 111 8,500- rings, and Mnkare tax information trom the payroll register of Ebeling's Dairy for the week ended for the week ended July 7, 20-, h shown below. The suta tax rate is 5,4%, and the Futa tax rate is 0.6%-teh on thefe, SA00 of 1.ASS on oss earnings. Taxable Earnings Cumuletive Pay Current Before Current Weekly Unemployment Social Employee NameEeraings did, katelyn Coombs, Michelle Fauss, Erirn Earnings Compensation Security $6,630 6,370 23,460 6,930 17,150 25,470 28.475 $800 1,200 McMahon, Drew Newell, Marg vens, Matt Required 1,260 Calculate the tot al employer payroll tases for these employees. Round all your calculations, including your answe, to the nearest cent 2. Prepare the jourmall entry to record the em ployer payroll taxes as of July 7,20- Roued your answers to the nearest cent. t an amount box does not require an entry, leave t ank Employar Paynoll Taxes 1. Calculate the total employer sayroll tases for these employees. Round all your calculations, includeg your anseec to the nearest cent. Refer to Figures 9-1,9-2 and 9-3 h the test

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

Recommended Textbook for

Financial Accounting Theory

Authors: Craig Deegan

2nd Edition

0077126734, 978-0077126735

More Books

Students also viewed these Accounting questions