Exhibit 6-1 The totals from the first payroll of the year are shown below. Total FICA...

Question

Question

Answer 1

Answer #1

Answer 2

Similar Homework Help Questions

Exhibit 6-1 The totals from the first payroll of the year are shown below. Total FICA...

Exhibit 6-1 The totals from the first payroll of the year are shown below. Total FICA FICA FIT State Union Net Earnings OASDI HI WH Tax Pay Dues $36,195.10 $2,244.10 $524.83 $6,515.00 $361.95 $500.00 $26,049.22 Refer to Exhibit 6-1. Journalize the entry to record the employer's payroll taxes (assume a SUTA rate of 3.7% ) . Format B IU HH General Journal Date P.R. Debit Credit
The totals from the first payroll of the year are shown below. Total FICA Earnings OASDI...

The totals from the first payroll of the year are shown below. Total FICA Earnings OASDI $36,195.10 $2,244.10 FICA HI $524.83 FIT W H $6,515.00 State Tax $361.95 Union Net Dues Pay $500.00 $26,049.22 Refer to Exbibit 6.1. Journalize the entry to record the payroll. Format General Journal Date R. Debit A « Ea 5C
The totals from the first payroll of the year are shown below. FIT Union Total Earnings...

The totals from the first payroll of the year are shown below. FIT Union Total Earnings FICA OASDI FICA HI State Tax Net Pay W/H Dues $36,195.10 $2,244.10 $524.83 $6,515.00 $361.95 $500.00 $26,049.22 Journalize the entry to record the employer's payroll taxes (assume a SUTA rate of 3.7%). For a compound transaction, if an amount box does not require an entry, leave it blank. Round your answers to two decimal places.

The totals from the first payroll of the year are shown below. Total Pay = $36,195.10...

The totals from the first payroll of the year are shown below. Total Pay = $36,195.10 FICA/OASDI = $ 2,244.10 FICA/HI = $ 524.83 FIT W/H = $ 6,515.00 State Tax W/H = $ 361.95 Union Dues = $ 500.00 Net Pay = $26,049.22 Assume the following tax rates: 1. * FICA tax—OASDI on employees: 6.2%. 2. FICA tax—HI on employees: 1.45%. 3. FIT withheld from employees. 4. FICA tax—OASDI on employers: 6.2%. 5. FICA tax—HI on employers: 1.45%. 6....
The totals from the first payroll of the year are shown below. Total Earnings: $40,000 The...

The totals from the first payroll of the year are shown below. Total Earnings: $40,000 The amount of Social security tax is 6.20% The amount of Medicare tax is 1.45% The amount of federal tax income is 5% The amount of state income tax is 4% The total amount of union dues withheld is $500. The amount of the FUTA tax is .6% on the first $7,000 of wages. No employees have exceeded the maximum amount of wages taxable. The...