Question

Daktari Enterprises’ Schedule of Earnings and Payroll Taxes for April is as follows: Gross FICA FUTA...

Daktari Enterprises’ Schedule of Earnings and Payroll Taxes for April is as follows:

Gross

FICA

FUTA

SUTA

Total

Earnings

8%

1%

4%

Taxes

Non-Factory Employees:
    Sales

$ 10,000

$   800

$  100

$  400

$ 1,300

    Administrative

  7,000

   560

   70

  280

   910

17,000

1,360

  170

  680

2,210

Factory Employees:
    Direct Labor:
        Regular

80,000

6,400

800

3,200

10,400

        Overtime Premium

5,000

400

50

200

650

    Indirect Labor

30,000

2,400

  300

1,200

3,900

115,000

9,200

1,150

4,600

14,950

Total

$132,000

$10,560

$1,320

$5,280

$17,160

Assuming overhead is a result of the random scheduling of jobs, the entry to record and distribute the employer’s payroll taxes would include:

a.

A debit to Work in Process for $11,050.

b.

A debit to Factory Overhead for $14,950.

c.

A credit to Payroll of $132,000.

d.

A debit to FICA Expense of $10,560.  

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Answer #1

Entry to record and distribute the employer’s payroll taxes would include:-

d. A debit to FICA Expense of $10,560.

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