SUTA = 5.7%

FUTA = 0.6%

Homework: CH8 HW Save HW Score: 56.79%, 13.06 of 23 pts Score: 1.06 of 4 pts 5 of 6 (5 complete) P8A-1 (similar to) Data Tablo The following is the monthly payroll of Amber Company, owned by David Amber. Employees are paid on the last day of each month. B (Click the icon to view the payroll records.) Amber Company is located at 2 Square Street, Marblehead, MA 01945. Its EIN is 29-3458822. FICA Federal OASDI Medicare Income Tax 1. Journalize the entries to record the employer's payroll tax expense for each pay period in the general journal. (Record no entry is necessary, select "No entry required" on the first row of the Accounts column and leave all other cells blank.) Employee Steven Koy Jade Lang Monthly Earnings S 2,240 3,480 YTD Earnings $ 4,200 6,660 $ 138.88 $ 300.00 32.48 S 50.17 Journalize the employer's payroll tax expense for January 31. 214.52 327.00 Amy Hess 7,640 236.84 55,39 3,820 9,520 426.00 1,053.00 Date $ PR Dr. S Cr. 18,500 $ 590.24 $138.04 S Jan. 1,252.71 March Journal Entry Accounts 31 Payroll Tax Expense FICA-OASDI Payable FICA-Medicare Payable FUTA Tax Payable SUTA Tax Payable 556.76 FICA 130.21 53 88 511.86 YTD Earnings Employee Steven Koy Jade Lane Monthly Earnings S 2,075 Federal OASDI Medicare Income Tax $ 128.65 S 30.09 $ $ 584.00 155.00 36.25 564.00 S 6,275 9,160 2,500 4,140 Journalize the employer's payroll tax expense for February 28. Amy Hess 11,780 60.03 535.00 256.68 $ 540.33 S S Journal Entry 8,715 S 27,215 126.37 $ 1.683.00 1 T Choose from any list or enter any number in the input fields and then click Check Answer. Print Done Journal Entry Date Accounts PR Dr. Cr. Feb. 28 Payroll Tax Expense 1,287.72 590.24 FICA-OASDI Payable FICA-Medicare Payable 138.04 FUTA Tax Payable 53.28 SUTA Tax Payable 506.16 Journalize the employer's payroll tax expense for March 31. Journal Entry Date Accounts PR Dr. Cr. Mar. 31 Payroll Tax Expense 818.85 FICA-OASDI Payable 540.33 FICA-Medicare Pavable 126 37 Choose from any list or enter any number in the input fields and then click Check Answer. Amber Company is located at 2 Square Street, Marblehead, MA 01945. Its EIN is 29-3458822. FICA-OASDI Payable 540.33 FICA-Medicare Payable 126.37 14.49 FUTA Tax Payable SUTA Tax Payable 137.66 2. Journalize entries for the payment of each tax liability in the general journal. (Record debits first, then credits. Exclude entry required" on the first row of the Accounts column and leave all other cells blank.) Journalize the payment of the January tax liability (excluding FUTA and SUTA payments) in the general journal. Journal Entry Date Accounts PR Dr. Cr. Feb. 15 Choose from any list or enter any number in the input fields and then click Check Answer. Homework: CH8 HW Save HW Score: 56.79%, 13.06 of 23 pts Score: 1.06 of 4 pts 5 of 6 (5 complete) P8A-1 (similar to) Data Tablo The following is the monthly payroll of Amber Company, owned by David Amber. Employees are paid on the last day of each month. B (Click the icon to view the payroll records.) Amber Company is located at 2 Square Street, Marblehead, MA 01945. Its EIN is 29-3458822. FICA Federal OASDI Medicare Income Tax 1. Journalize the entries to record the employer's payroll tax expense for each pay period in the general journal. (Record no entry is necessary, select "No entry required" on the first row of the Accounts column and leave all other cells blank.) Employee Steven Koy Jade Lang Monthly Earnings S 2,240 3,480 YTD Earnings $ 4,200 6,660 $ 138.88 $ 300.00 32.48 S 50.17 Journalize the employer's payroll tax expense for January 31. 214.52 327.00 Amy Hess 7,640 236.84 55,39 3,820 9,520 426.00 1,053.00 Date $ PR Dr. S Cr. 18,500 $ 590.24 $138.04 S Jan. 1,252.71 March Journal Entry Accounts 31 Payroll Tax Expense FICA-OASDI Payable FICA-Medicare Payable FUTA Tax Payable SUTA Tax Payable 556.76 FICA 130.21 53 88 511.86 YTD Earnings Employee Steven Koy Jade Lane Monthly Earnings S 2,075 Federal OASDI Medicare Income Tax $ 128.65 S 30.09 $ $ 584.00 155.00 36.25 564.00 S 6,275 9,160 2,500 4,140 Journalize the employer's payroll tax expense for February 28. Amy Hess 11,780 60.03 535.00 256.68 $ 540.33 S S Journal Entry 8,715 S 27,215 126.37 $ 1.683.00 1 T Choose from any list or enter any number in the input fields and then click Check Answer. Print Done Journal Entry Date Accounts PR Dr. Cr. Feb. 28 Payroll Tax Expense 1,287.72 590.24 FICA-OASDI Payable FICA-Medicare Payable 138.04 FUTA Tax Payable 53.28 SUTA Tax Payable 506.16 Journalize the employer's payroll tax expense for March 31. Journal Entry Date Accounts PR Dr. Cr. Mar. 31 Payroll Tax Expense 818.85 FICA-OASDI Payable 540.33 FICA-Medicare Pavable 126 37 Choose from any list or enter any number in the input fields and then click Check Answer. Amber Company is located at 2 Square Street, Marblehead, MA 01945. Its EIN is 29-3458822. FICA-OASDI Payable 540.33 FICA-Medicare Payable 126.37 14.49 FUTA Tax Payable SUTA Tax Payable 137.66 2. Journalize entries for the payment of each tax liability in the general journal. (Record debits first, then credits. Exclude entry required" on the first row of the Accounts column and leave all other cells blank.) Journalize the payment of the January tax liability (excluding FUTA and SUTA payments) in the general journal. Journal Entry Date Accounts PR Dr. Cr. Feb. 15 Choose from any list or enter any number in the input fields and then click Check