Patel Heritage co
Salary Expenses Dr 17000
To Social security 1020
To medicare tax expense 255
To federal tax expense 3060
To retairement savings 2600
To Cash 10065
ONLY First question is answered
Journalize Period Payroll The payroll register of Patel Heritage Co. indicates $1,020 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.
Journalize Perlod Payroll The payroll register of Patel Engineering Co. indicates $1,020 of social security withheld and $255 of Medicare tax withheld on total salaries of $17,000 for the period. Federal withholding for the period totaled $3,060. Provide the jourmal entry for the period's payroll. If an amount box does not require an entry, leave it blank
Journalize Period Payroll The payroll register of Patel Engineering Co. indicates $2,340 of social security withheld and $585 of Medicare tax withheld on total salaries of $39,000 for the period. Federal withholding for the period totaled $7,020. Provide the journal entry for the period's payroll. If an amount box does not require an entry, leave it blank.
Journalize Period Payroll The payroll register of Chen Engineering Co. indicates $2,220 of social security withheld and $555 of Medicare tax withheld on total salaries of $37,000 for the period. Federal withholding for the period totaled $6,660. Provide the journal entry for the period's payroll. If an amount box does not require an entry, leave it blank.
The payroll register of Heritage Co. indicates $3,900 of social security withheld and $975 of Medicare tax withheld on total salaries of $65,000 for the period. Earnings of $10,000 are subject to state and federal unemployment compensation taxes at the federal rate of 0.8% and the state rate of 5.4%. Journalize the entry to record the payroll tax expense for the period. Refer to the Chart of Accounts for exact wording of account titles.
Proceeds from Notes Payable On January 26, Elegant Co. borrowed cash from Conrad Bank by issuing a 120-day note with a face amount of $44,400. Assume a 360-day year. a. Determine the proceeds of the note, assuming the note carries an interest rate of 9%. b. Determine the proceeds of the note, assuming the note is discounted at 9%. Journalize Payroll Tax The payroll register of Patel Heritage Co indicates $1,308 of social security withheld and $327.00 of Medicare tax...
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 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 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 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...