Question

A payroll summary for Mark Consulting Company, owned by Mark Fronke, for the quarter ending June 30, 2019, appears below. The firm made the required tax deposits as follows

1. For April taxes, paid on May 15.
2. For May taxes, paid on June 17.
   

Date Wages Paid			Total Earnings			Social Security Tax Deducted			Medicare Tax Deducted			Income Tax Withheld
April	8		$	3,400.00		$	210.80		$	49.30		$	338.00
	15			3,700.00			229.40			53.65			365.00
	22			4,100.00			254.20			59.45			338.00
	29			4,400.00			272.80			63.80			436.00
			$	15,600.00		$	967.20		$	226.20		$	1,477.00
May	5		$	3,200.00		$	198.40		$	46.40		$	318.00
	12			3,400.00			210.80			49.30			338.00
	19			3,400.00			210.80			49.30			338.00
	26			4,400.00			272.80			63.80			436.00
			$	14,400.00		$	892.80		$	208.80		$	1,430.00
June	2		$	3,700.00		$	229.40		$	53.65		$	365.00
	9			3,400.00			210.80			49.30			338.00
	16			4,400.00			272.80			63.80			436.00
	23			3,400.00			210.80			49.30			338.00
	30			3,200.00			198.40			46.40			318.00
			$	18,100.00		$	1,122.20		$	262.45		$	1,795.00
Total			$	48,100.00		$	2,982.20		$	697.45		$	4,702.00

Social security	6.2	percent
Medicare	1.45
FUTA	0.6
SUTA	5.4

Required:

1. Using the tax rates given above, and assuming that all earnings are taxable, make the general journal entry on April 8, 2019, to record the employer’s payroll tax expense on the payroll ending that date.
2. Prepare the entries in general journal form to record deposit of the employee income tax withheld and the social security and Medicare taxes (employee and employer shares) on May 15 for April taxes and on June 17 for May taxes.

(For all requirements, round your answers to 2 decimal places.)

Answer 1

faye No Anscoct Toraelaes onApel 8,0019 t Accial auiy Byell tax redicane Haa + Fedoa daxes dax payaale cempleyment tax l0.8049,30 + 34007 X 00 (3400 X 10.8049 30 + 20 40 t 183.60 Particular Debif Coredit Pagett lazes 4464 ayable Scia aunily fax 210.80 tedicane ta pyable 49.30 Fedenal unemlogment State onemployment tax 00.40 tan poyable $183 60

NO ay On Payable Hedicane ox Paugalle a6 ao t6 0 45a40 opail FUTA o 93.60 5600 X .6/. $842.40 for apri 15600 5 / SUTA rcome ta sbelad 49980 caron 934,4453.4 +93 6 34a y 147 Cotedit Panticular Debit 15 Hay fotial iltaa payable 1934.40 Hedicane tox payable Fadnal nemploymed tas payable 93 60 |chte unemplogmh Ment ta jayablc42.40 tcome tax oithheld le 499.80 Cash

NO taxt zeeal counitanpayable 892.80 892.80 = Hedicane Jox able $4160 008.8t 08 80 86.40 FUTA foY may 14 400 0.6/. F60 SUTA for mas /4400 x 547. Tncome tasith helel 1420.00 Cash 86.40 t77 160 t1430 :Yy9720 785 60t 41.60 t Cedit Ocb Pate Panticulan oial ecurity taz payable June 1t | 785° 60 Hedicane taw ayable 41.60 Fadlesa tployment tax ayable86.40 state ncmpleyment Jsiheld payable Tncome tax $4 497.20