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[ The following information applies to the questions displayed below. ] Nat Crossman owns Appalachian Limited Home Design in Versailles, Kentucky. Checks will be issued
The following information applies to the questions displayed below.
Nat Crossman owns Appalachian Limited Home Design in Versailles, Kentucky. Checks will be issued on March Use the wagebracket method in the federal tax table in Appendix C Assume percent state income tax, and the same deductions for federal tax apply to the state. No employee has exceeded the Social Security wage base. Assume all employees submitted a Form W and no box was checked in Step For employees with MS Married filing separately use the single rate. Total, prove, and rule the entries.
Note: Round your intermediate calculations and final answers to decimal places.
Required:
Using the employee payroll entry from Problem B post the March employee payroll end date for Appalachian Limited Home Design to the selected General Ledger accounts. The Posting Reference will be J
tableAccount: Salaries and Wages PayableDatetablePostReferenceDebit,Credit,BalanceMarch tableJ Account: Employee Federal Income Tax PayableDatetablePostReferenceDebit,Credit,BalanceMarch tableJAccount: Social Security Tax PayableDatetablePostReferenceDebit,Credit,BalanceMarch tableJ Account: Medicare Tax PayableDatetablePostReferenceDebit,Credit,BalanceMarch tableJAccount: Employee State Income Tax PayableDatetablePostReferenceDebit,Credit,BalanceMarch J Account: Salaries and Wages ExpenseDatetablePostReferenceDebit,Credit,BalanceMarch tableJ
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