Section 10- PAYROLL ENTRIES

1. On February 13, ABC Corporation pays 20 employees total wages of $50,000, withholding $12,300 FIT, $3,825 FICA and $200 union dues. FUTA is $370. Prepare the following journal entries:

1. Payment of employee salaries, including deductions.
2. ABC Corporation remits its payroll taxes
3. ABC Corporation remits employee union dues

2. On December 30, Drake Corporation pays wages of $15,000, from which it withholds $1,148 FICA and $1,340 FITW. FUTA tax is $120 and SUI, $440. Prepare the following journal entries:

1. Payment of employee salaries, including deductions.
2. Drakes payroll tax expense
3. Drake remits its payroll taxes

3. On December 15, Zook Enterprises pays wages of $67,000, from which it withholds $5,126 FICA, $9,640 FIT and $7,181 for health insurance premiums. Zooks share of the health insurance premium for the period is $21,544. FUTA is $520; SUI, $2,080. Prepare the following journal entries:

1. Payment of employee salaries, including deductions
2. Zooks payroll tax expense
3. Zook remits its payroll taxes
4. Zook pays the health insurance premium