1. Journalize the entry to record the payroll.2. Journalize the entry to record the employer's payroll taxes.3. Journalize the entry to deposit the FICA and FIT taxes from Employees' Earning3UnderFICAFICA4.FUTASUTAEarnings toGrossEarnings5 Employee:6 Watson, Ruth T.7 Kinder, Ralph A.8 Sanchez, Robert T.9 Carey, Mary C.10 Cox, Mason, M.11 Kenni, Jack T.12 Britmayer, Tim A.13 Candi Mark B.14 Boxer, Barbara C.15 MicBride, James W. $16 Total Employee TaxesDateOASDİHISUTAOSADIHI$ 139,000.00$ 14,950.00 $ 410.00$1890.0027.4118905.955.734.2825.424104104,060.00 $ 395.00$24.491.983953953953958,190.00 $ 295.00$18.292952956,460.00 $ 425.00$ 137,500.008,905.00 $ 490.0026.356.162.134254254254251850.00117.1826.8318501850$$30.387.114904906,825.00 $ 325.00$ 57,000.003,615.00 $ 195.0020.154.711.633253253253251150.0071.3016.681150115012.092.830.98195195195195345.65 107.696.72171819 Taxable Earnings20 *Applicable tax rate55357425134013406.2%1.45%0.6%2.8%21 Totals343.17107.668.0437.5222 Total payroll taxes496.39232425262728

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Answered: 1. Journalize the entry to record the…

1. Journalize the entry to record the payroll. 2. Journalize the entry to record the employer's payroll taxes. 3. Journalize the entry to deposit the FICA and FIT taxes

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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