Homework Answers
1. Payroll amount subject to federal and state unemployment taxes = $21500
Federal unemployment taxes = $172/0.8% = $21500
State unemployment taxes = $1161/5.4% = $21500
2. Total payroll = $85500 + $307800 + $57000 + $119700 = $570000
3. Share of FICA taxes = Social security tax payable + Medicare tax payable = $34200 + $8550 = $42750
4. Contribution to employee 401k plans = $34200
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You've just started your first accounting job, as the accounts payable and payroll clerk for Copperfield...
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The following Payroll Journal entries for Oct. 15 were made by your predecessor. For FICA tax,...
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Please help me....pleae read the whole information! Clear chart You've just started your first accountin...
Please help me....pleae read the whole information!
Clear chart
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Please help me....pleae read the whole information!
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