Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

On January the end of the Test weekly pay pead of the year. Reges Company employees and 522.760 offices and $65,340 of sales sales wings

image text in transcribed
image text in transcribed
image text in transcribed
On January the end of the Test weekly pay pead of the year. Reges Company employees and 522.760 offices and $65,340 of sales sales wings from the mioyees les include RCA Social Security of the role of 62RCA Medicare tes at the rate of 145 $12.860 of federal income taxes, 31340 of medicamice deductions, and $340 do No employee earned more than 57000 in this first period Required: 1-a. Calculate below the amounts for each of these fourt of Regs Company Reges temployment first $7000 paid to each employee. The federal unemployment tax rates 1-b. Prepare the journal entry to record Regis Companyar Beleyee pos 2. Prepare the journal entry to record Reguloyer payroll testing to yote tax rates 54% of the first $7000 paid to each employee. The federalement Complete this question by entering your wwwers in the tabs below. GIA 10 Rag Calculate below the ants for each of the age Company the first $7,000 paid to each employee. The federal campament durant to? place TEE Jay ng Tere Tu FICAS FICA Moore FUTA Asuta wondes Required: 1. Calculate below the amounts for each of these four of Regis Company. Regess state unenployment tax rates 54 of the first $7000 paid to each employee. The federal unemployment textes 1-b. Prepare the journal entry to record Regis Company's employee paro expenses and 2. Prepare the journal entry to record Regissemployer payroll es region the January payrol Registrement tax rate is 5.4% of the first 57000 paid to each employee. The federalne 05 3 Complete this question by entering your answers in the tabs below Reg LA H2 Prepare the journal entry to rected Rogle company's Sanuarye me payroll expenses et toutes (mt w decimat place Journal entry worksheet

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

Advanced Accounting

Authors: Paul Fischer, William Taylor

6th Edition

0538841265, 978-0538841269

More Books

Students also viewed these Accounting questions

Question

What is management growth? What are its factors

Answered: 1 week ago