Question

The payroll register of Heritage Co. indicates $3,900 of social security withheld and $975 of Medicare tax withheld on total

0 0
Add a comment Improve this question Transcribed image text
✔ Recommended Answer
Answer #1

Prepare the following journal entry to record the pay roll tax expense

Date Account Title and Explanation Debit Credit
Payroll Tax Expense $5,495
                  Social Security Tax Payable $3,900
                  Medicare Tax Payable $975
                  State Unemployment Tax Payable ($10,000 × 5.4%) $540
                  Federal Unemployment Tax Payable ($10,000 × 0.8%) $80
To record payroll tax expense for the period
Add a comment
Know the answer?
Add Answer to:
The payroll register of Heritage Co. indicates $3,900 of social security withheld and $975 of Medicare...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Similar Homework Help Questions
  • The payroll register of Konrath Co. indicates $13,320 of social security withheld and $3,330 of Medicare...

    The payroll register of Konrath Co. indicates $13,320 of social security withheld and $3,330 of Medicare tax withheld on total salaries of $222,000 for the period. Earnings of $33,000 are subject to state and federal unemployment compensation taxes at the federal rate of 0.80% and the state rate of 5.40%. On December 31, provide the journal entry to record the payroll tax expense for the period. Refer to the Chart of Accounts for exact wording of account titles.

  • The payroll register of Konrath Co. indicates $13,200 of social security withheld and $3,300 of Medicare...

    The payroll register of Konrath Co. indicates $13,200 of social security withheld and $3,300 of Medicare tax withheld on total salaries of $220,000 for the period. Earnings of $35,000 are subject to state and federal unemployment compensation taxes at the federal rate of 0.8% and the state rate of 5.4%. On December 31, provide the journal entry to record the payroll tax expense for the period.

  • Journalize Payroll Tax The payroll register of Chen Engineering Co. indicates $2,790 of social security withheld...

    Journalize Payroll Tax The payroll register of Chen Engineering Co. indicates $2,790 of social security withheld and $697.50 of Medicare tax withheld on total salaries of $46,500 for the period. Earnings of $13,000 are subject to state and federal unemployment compensation taxes at the federal rate of 0.6% and the state rate of 5.4%. Provide the journal entry to record the payroll tax expense for the period. If an amount box does not require an entry, leave it blank. Round...

  • Journalize Payroll Tax The payroll register of Chen Engineering Co. Indicates $1,860 of social security withheld...

    Journalize Payroll Tax The payroll register of Chen Engineering Co. Indicates $1,860 of social security withheld and $465.00 of Medicare tax withheld on total salaries of $31,000 for the period. Earnings of $9,000 are subject to state and federal unemployment compensation taxes at the federal rate of 0.6% and the state rate of 5.4%. Provide the journal entry to record the payroll tax expense for the period. If an amount box does not require an entry, leave it blank. Round...

  • Journalize Payroll Tax The payroll register of Chen Engineering Co. indicates $1,548 of social security withheld and $38...

    Journalize Payroll Tax The payroll register of Chen Engineering Co. indicates $1,548 of social security withheld and $387.00 of Medicare tax withheld on total salaries of $25,800 for the period. Earnings of $7,700 are subject to state and federal unemployment compensation taxes at the federal rate of 0.6% and the state rate of 5.4%. Provide the journal entry to record the payroll tax expense for the period. If an amount box does not require an entry, leave it blank. Round...

  • The payroll register of Konrath Co. indicates $13,920 of social security withheld and $3,480 of Medicare...

    The payroll register of Konrath Co. indicates $13,920 of social security withheld and $3,480 of Medicare tax withheld on total salaries of $232,000 for the period. Federal withholding for the period totaled $43,200. On December 31, provide the journal entry for the period’s payroll. Refer to the Chart of Accounts for exact wording of account titles.

  • Journalie Payroll Tax The payroll register of Patel Engineering Co. indicates $2,604 of social security withheld...

    Journalie Payroll Tax The payroll register of Patel Engineering Co. indicates $2,604 of social security withheld and $651.00 of Medicare tax withheld on total salaries of $43,400 for the period. Earnings of $13,500 are subject to state and federal unemployment compensation taxes at the federal rate of 0.6% and the state rate of 5.4%. Provide the journal entry to record the payroll tax expense for the period. If an amount box does not require an entry, leave it blank. Round...

  • Journalire Payroll Tax The payroll register of Patel Engineering Co. indicates $2,874 of social security withheld...

    Journalire Payroll Tax The payroll register of Patel Engineering Co. indicates $2,874 of social security withheld and $718.5 of Medicare tax withheld on total salaries of $17.900 for the period. Earnings of $14,400 are subject to state and federal unemployment compensation taxes at the federal rate of 0.8% and the state rate of 5.1. Provide the journal entry to record the payroll tax expense for the period. If an amount box does not require an entry, leave it blank. Round...

  • Journalize Period Payroll The payroll register of Chen Engineering Co. indicates $1,800 of social security withheld...

    Journalize Period Payroll The payroll register of Chen Engineering Co. indicates $1,800 of social security withheld and $450 of Medicare tax withheld on total salaries of $30,000 for the period. Federal withholding for the period totaled $5,100. Provide the journal entry for the period's payroll. If an amount box does not require an entry, leave it blank. 2. Journalize Payroll Tax The payroll register of Chen Engineering Co. indicates $2,112 of social security withheld and $528.00 of Medicare tax withheld...

  • Journalize Period Payroll The payroll register of Patel Heritage Co. indicates $1,500 of social security withheld...

    Journalize Period Payroll The payroll register of Patel Heritage Co. indicates $1,500 of social security withheld and $375 of Medicare tax withheld on total salaries of $25,000 for the period. Federal withholding for the period totaled $4,500. Retirement savings withheld from employee paychecks were $2,550 for the period. Provide the journal entry for the period's payroll. If an amount box does not require an entry, leave it blank.

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT