Question
The employees of Donnelly Music Company earn total wages of $4,690 during January. The total amount is taxable under FICA, FUTA, and SUTA. The state
The employees of Donnelly Music Company earn total wages of $4,690 during January. The total amount is taxable under FICA, FUTA, and SUTA. The state contribution rate for the company is 3.6%. The amount withheld for federal income taxes is $685.
Journalize the payment of the monthly wages, and record the payroll taxes.
If an amount box does not require an entry, leave it blank. Round your answers to the nearest cent.
| Account | Debit | Credit | |
| Payment of monthly wages | CashEmployees FIT PayableFUTA Taxes PayableSUTA Taxes PayableWages Expense | ||
| FICA Taxes ExpenseFICA Taxes Payable-OASDIPayroll TaxesSUTA Taxes PayableWages Expense | |||
| FICA Taxes ExpenseFICA Taxes Payable-HIPayroll TaxesSUTA Taxes PayableWages Expense | |||
| Employees FIT PayableFICA Taxes ExpenseFUTA Taxes PayablePayroll TaxesWages Expense | |||
| CashFICA Taxes ExpensePayroll TaxesSUTA Taxes PayableWages Expense | |||
| Payroll taxes | CashEmployees FIT PayableFICA Taxes Payable-HIPayroll TaxesWages Expense | ||
| CashEmployees FIT ExpenseFICA Taxes Payable-OASDIPayroll TaxesWages Expense | |||
| CashFICA Taxes ExpenseFICA Taxes Payable-HIPayroll TaxesWages Expense | |||
| CashEmployees FIT PayableFICA Taxes ExpenseFUTA Taxes PayableWages Expense | |||
| CashFICA Taxes ExpensePayroll TaxesSUTA Taxes PayableWages Expense |
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