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Problem 13-4 (Part Level Submission) Below is a payroll sheet for Swifty Import Company for the month of September 2017, The company is allowed a
Problem 13-4 (Part Level Submission) Below is a payroll sheet for Swifty Import Company for the month of September 2017, The company is allowed a 196 unemployment compensation rate by the state; the federal unemployment tax rate is 0.8% and the maximum for both is $7,000. Assume a 10% federal income tax rate for all employees and a 7.65% FICA tax on employee and employer on a maximum of $118,500. In addition, 1.45% is charged both employer and employee for an employee's wages in excess of $118,500 per employee Your answer is partially correct. Try again Complete the payroll sheet. (Round answers to 2 decimal places, e.g. 15.26.) Unemployment Tax Earnings to Aug. 31 September Earnings Income Tax Withholding Name FICA State Federal B. D. Williams $6,700 $800 80 61.20 D. Raye 6,400 7,700 13,600 700 70 53.55 K. Baker 1,100 1,900 13,700 110 84.15 F. Lopez 190 145.35 A. Daniels 108,700 1370 0 B. Kingston 114,000 15,600 1560 Total 257100 33800 3380 LJ Your answer is partially correct. Try again Complete the payroll sheet. (Round answers to 2 decimal places, e.g. 15.26.) Unemployment Tax Earning:s to Aug. 31 September In come Tax Withholding Name Earnings FICA State Federal B. D. Williams $6,700 $800 80 61.20 D. Raye 700 6,400 7,700 13,600 70 53.55 K. Baker 1,100 1,900 13,700 110 84.15 F. Lopez 190 145.35 0 A. Daniels 108,700 1370 B. Kingston 114,000 15,600 1560 Total 257100 33800 3380 9 Make the necessary entry to record the payment of the payroll. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Crerit B. Kingston 114,000U 15,600 1560 0 Total 257100 33800 3380 9 Make the necessary entry to record the payment of the payroll. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Salaries and Wages Expense Debit Credit 33800 Withholding Taxes Payable 3380 FICA Taxes Payable Cash Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT Attempts: 5 of 15 used
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