Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Payroll records for Last Call Inc. incluc the following amounts: Weekly payroll, March 1 to March 7, 2020 $150,000 Withholdings taxes payable (federal and state)
Payroll records for Last Call Inc. incluc the following amounts: Weekly payroll, March 1 to March 7, 2020 $150,000 Withholdings taxes payable (federal and state) 33,000 Federal unemployment taxes payable 900 State unemployment taxes payable 8,100 FICA taxes payable (employer share) 11,475 FICA taxes payable (employee share) 11,475 Health care premiums payable 10,000 Union dues payable 5,000 Employees are paid weekly, one week after the week worked. 13. What amount would Last Call Inc. recognize as payroll tax expense for the first week of March, based on the payroll information provided above? Select one: Oa. $12,375 b. $44,475 c. $53,475 d. $20,475 Previous Save Answers Next O esc 1 2 80 # C 3 $ A 000 000 % 5 MacBo
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started