Question

Carlisle Corroany has monthly salaries of $30.000. Assume Carlisle pays all the standard payrol s no employees have reached the payroll tax limits, total income tax withheld is $2.000, and the only payrol deductions are payroll taxes Journal the accrual of salaries expense, conual of employer payroll taxes and payment of employee and employer payroll taxes for Carlisle Company Assume all of the monthly salary is subiect to FUTA and SUTA Record debits first, then credits. Select the aration on the last line of the journal entry table) Click the icon to view payroll tax rate information) q Begin with the entry to accrue salaries expense and payroll withholdings for the employee Date Accounts and Explanation Debit Credit

Answer 1

classmate Date Dage Answer 1. 1860 Journal Enly to record accruation of sglavle_and payrol) withholdings for the employee salarler AL _02.20000 TO FICĄ OASDI Tax Assable_(30000 X 62%) TO FICA Medicare fax Patable (30000 X 1.454 To Employee Income Tax Payable To salaries Payable (Being to record salarios pagable and payroll withholding) 435 2006 25705 Toying! Entru_for_accruel of employer payroll the 4095 1860 Payroll Tax_Expeque ALL. -0. TO FICA QASDI Tax Apple TO FICA Medicare Tax Payable To felel unemployment Tax Payable (30000 (0.6%) To Stale mes playment Tax Payable (90000 X5:42) (Being to record employeis payroll taxes) 435 180 1620 Joyrae entry to record payment of employes and employer peyool) taxes. IFICA OASOT Payable (tor) (1860+ 1860) Dy. 12720 CA Malicave Toy Pueble (870 : 485745 870 Employee Income Tax papelle - 2000 federal unemployment Tax Paypble Ox 180 Style. Unemployment Tyx payable or 1620 _ Ti Cash ALE (Being payment of Peroll taxes $390