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seperate question
seperate question
In January, gross earnings in Wildhorse Company totaled $84,000. All earnings are subject to 7.65%FICA taxes (the 7.65% FICA tax rate consists of the Social Security tax rate of 6.2% on salaries and wages up to $128,400 and the Medicare tax rate of 1.45% on all salaries and wages), 5.4% state unemployment taxes, and 0.6% federal unemployment taxes. Prepare the entry to record January payroll tax expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan, 31 Current Attempt in Progress Wages paid for the second quarter for Sheridan Law Firm were $62,000.00. All wages were subject to FICA taxes (the 7.65% FICA tax rate consists of the Social Security tax rate of 6.2% on salaries and wages up to $128,400 and the Medicare tax rate of 1.45% on all salaries and wages). Federal income taxes withheld were $7,210.00. When Sheridan files Form 941. what amount should be reported on the following lines of the form? (Round answers to 2 decimal places, e.g. 52.75.) Line 3: Federal income tax withheld. $ Columns 1 Columns 2 $ Line Sa: Taxable social security wages $ $ Line 5c: Taxable medicare wages and tips Blossom's Potomac River Tours provides workers' compensation insurance for its employees. The estimated gross payroll total for all employees this year is $340,000. The premium rate is 0.23%, Determine the estimated workers' compensation premium. (Round answers to 2 decimal places, eg. 52.75.) Workers' compensation premium $ In January, gross earnings for employees of Napoli Company totaled $20,000. All earnings are subject to 7.65% FICA taxes, 5.4% state unemployment taxes, and 0.6% federal unemployment taxes. Prepare the entry to record January payroll tax expense. (Round answers to decimal places, eg,5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 31