Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help me with these questions.thank you mathx.com/Student/Player Homework.aspx?homeworkid600920580&questionid=1&flushedafalse&cid=6559994¢erwinayes ACG2011 Principles of Accounting Il- Online 673557 arshia mousavi 06/29/21 2:56 AM Homework: Ch 11 Homework

please help me with these questions.thank you image text in transcribed
image text in transcribed
image text in transcribed
mathx.com/Student/Player Homework.aspx?homeworkid600920580&questionid=1&flushedafalse&cid=6559994¢erwinayes ACG2011 Principles of Accounting Il- Online 673557 arshia mousavi 06/29/21 2:56 AM Homework: Ch 11 Homework B - Graded Save HW Score: 75.55%, 31.73 of 42 pts Question Help Score: 0 of 8 pts of 9 (8 completo) EF11-20 (similar to) Ocean Company had the following partially completed Payroll register Click the icon to view the partial payroll register) Click the icon to view payroll tax rate information Read the recitement Requirement 1. Complete the payroll register. Round to two decimals (Round all amounts to the nearest cent. Abbreviations used: Beg Beginning: Cum Cumulative. Eam. Earnings, Exp. Expense. Med. Medicare Ins Insurance With Withholdings: Chk Check) Earnings Withholdings Salaries and Ending Cum. Total Not Chk Wages Exp . V Eam Med OASDI with No. Pay 501 Beg Current Cum Period Earn Earn $ 77,000 $3,900 129,000 9.500 54,000 3.100 60,000 3,700 0 5,000 $ 320,000 5 25.200 80000 138500 57100 63700 5000 802 803 Income Health United Ins. Way $1,4435 78 5 45 3.325 190 20 1.147 62 0 1.295 74 15 1.750 100 0 $ 8.000 5 5045 80 804 305 345200 Enter any number in the edit fields and then click Check Answer Clear All Check Answer 4 parts remaining i More Info For all payroll calculations, use the following tax rates and round amounts to the nearest cent: Employee: OASDI: 6.2% on first $132,900 earned; Medicare: 1.45% up to $200,000, 2.35% on earnings above $200,000. Employer: OASDI: 6.2% on first $132,900 earned; Medicare: 1.45%; FUTA: 0.6% on first $7,000 earned; SUTA: 5.4% on first $7,000 earned. Print Done register Round to two decimals. (Round all amounts to the nearest cent. Abbreviations i Requirements 1. Complete the payroll register. Round to two decimals. 2. Journalize Ocean Company's salaries and wages expense accrual for the current pay period. 3. Journalize Ocean Company's expenses for employer payroll taxes for the current pay period. 4. Journalize the payment to employees. 5. Journalize the payment for withholdings and employer payroll taxes. Print Done

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

GCP Auditing Methods And Experiences

Authors: Editio

1st Edition

3871932841, 978-3871932847

More Books

Students also viewed these Accounting questions