Question
[The following information applies to the questions displayed below.] Charles Merrill owns a housekeeping service, Charles Cleaners, in Florida. No employee has exceeded the Social
[The following information applies to the questions displayed below.]
Charles Merrill owns a housekeeping service, Charles Cleaners, in Florida. No employee has exceeded the Social Security tax wage base. Total, prove, and rule the entries. Use the wage bracket method in the federal tax table inAppendix C. (Round your intermediate calculations and final answers to 2 decimal places.)
Using the below payroll register, post the employer's share of payroll taxes for the July 13 pay at Charles' Cleaners to the appropriate General Ledger accounts. Assume that $1,352.40 is subject to FUTA/SUTA taxes. Employees are paid weekly.
Account: Social Security Tax Payable Date Debit Credit Balance Jul 13 Jul 13 Account: Medicare Tax Payable Date Debit Credit Balance Jul 13 Jul 13 Account: Federal Unemployment Tax Payable Date Debit Credit Balance Jul 13 Account: State Unemployment Tax Payable Date Debit Credit Balance Jul 13 Account: Payroll Taxes Expense Date Debit Credit Balance Jul 13 Account: Social Security Tax Payable Date Debit Credit Balance Jul 13 Jul 13 Account: Medicare Tax Payable Date Debit Credit Balance Jul 13 Jul 13 Account: Federal Unemployment Tax Payable Date Debit Credit Balance Jul 13 Account: State Unemployment Tax Payable Date Debit Credit Balance Jul 13 Account: Payroll Taxes Expense Date Debit Credit Balance Jul 13Step by Step Solution
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