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The following information pertains to a weekly payroll of Texera Tile Company: a. The total wages earned by employees are $17
Journalize the payment of wages, and record the payroll taxes for this payroll. or this payroll. If an amount box does not re
Group Insurance Premiums Cash 13,810.43 x Payroll taxes The 1 !
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Account Debit Credit
Payment of wages Wages Expense $17,210
FICA Taxes Payable-OASDI @6.2% of $17,210 $1067.02
FICA Taxes Payable-HI @1.45% of $17,210 $249.55
Employees FIT Payable $1,890
Employees SIT Payable $369.40
Group Insurance Premiums Collected $193
Cash [$17,210 - $1,067.02 - $249.55 - $1,890 - $369.40 - $193] $13,441.0
Payroll taxes Payroll Taxes $2022.18
FICA Taxes Payable-OASDI  [Same as employee portion] $1067.02
FICA Taxes Payable-HI   [Same as employee portion] $249.55
FUTA Taxes Payable @0.6% of $17,210 $103.26
SUTA Taxes Payable @3.5% of $17,210 602.35
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