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The Betsy Dough Company has 4 employees who are paid on the 1 5 th and 3 0 th of the month. For the 1
The Betsy Dough Company has employees who are paid on the th and th of the month.
For the th total wages were $ Federal withholding on these wages was $$ FICA SS was and FICA Medicare withholding was Employees also had $ of medical insurance payments withheld.
The company Pays $ per pay period for medical insurance. The company portion of FICA and Medicare is the same as the employees. The Company must also pay $ per pay period for SUTA.
Prepare journal entries.
Payroll Expense on the th
Payment of employee net pay on the th
Payment employer payroll expenses
Payment of other payroll liabilities
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