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pls, all work. and company name!!! it is an exam! I J A B DE F H Haney Company's payroll for the week ending January
pls, all work. and company name!!! it is an exam!
I J A B DE F H Haney Company's payroll for the week ending January 15 amounted to $367,000 for salaries and wages. None of the employees has reached the earnings limits specified for federal or state employer payroll taxes. The following deductions were withheld from employees' salaries and wages: 1 2 3 4 5 6 7 8 Federal Income Tax State Income Tax FICA Taxes Union Dues United Fund Contributions $75,000 13,500 29,400 4,100 2,700 Federal unemployment tax (FUTA) rate is 6.2% less a credit equal to the rate paid for state unemployment taxes. The state unemployment tax (SUTA) rate is 5.4%. Instructions: Prepare the journal entries related to the weekly payroll ending January 15. 9 10 Show all work for full credit 11 12 13 I J A B DE F H Haney Company's payroll for the week ending January 15 amounted to $367,000 for salaries and wages. None of the employees has reached the earnings limits specified for federal or state employer payroll taxes. The following deductions were withheld from employees' salaries and wages: 1 2 3 4 5 6 7 8 Federal Income Tax State Income Tax FICA Taxes Union Dues United Fund Contributions $75,000 13,500 29,400 4,100 2,700 Federal unemployment tax (FUTA) rate is 6.2% less a credit equal to the rate paid for state unemployment taxes. The state unemployment tax (SUTA) rate is 5.4%. Instructions: Prepare the journal entries related to the weekly payroll ending January 15. 9 10 Show all work for full credit 11 12 13Step by Step Solution
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