aximum subject to unemployment taxes. $180,000 of federal income taxes and $18,000 of union dues were withheld. The state unemployment tax is 1%, the federal unemployment tax is .8%, and the current F.I.C.A. tax is 7.65% on an employee's wages to $128,400 and 1.45% in excess of $128,400. What amount should Trolley record as payrol

Q: 3. Tesla, Inc. pays employees at the end of each month. Payroll information is listed below for…

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Q: Monty Company's payroll for the week ending January 15 amounted to $357,000 for salaries and wages.…

A: Payroll: Payroll is the remuneration that a firm is required to pay to its workers for a certain…

Q: Burbaker Company pays its employees every other Friday. December 31, 2020, was a Sunday. On Friday,…

A: Payroll is the total amount of money that an association pays its workers over a given time period;…

Q: Cheyenne Hardware payroll for November 2020 is summarized below.           Amount Subject to…

A: GIVEN DATA    Cheyenne Hardware payroll for November 2020 is summarized below.           Amount…

Q: Gilpin, Inc.'s payroll for November 2020 is summarized as follows:        Amount of Wages Subject…

A: Payroll Taxes of Employer The employer is liable to pay for FICA taxes ( social security &…

Q: Total payroll of Walnut Co. was $2,760,000, of which $480,000 represented amounts paid in excess of…

A: Employers Payroll Tax: Employer payroll taxes are the component of payroll taxes that are the…

Q: Widmer Company had gross wages of $226,000 during the week ended June 17. The amount of wages…

A: Social Security Tax Payable = Gross wages x Social security tax rate Medicare Tax Payable = Gross…

Q: Security tax: $496.00 Medicare tax: $116.00 State income tax: $160.00 Federal Unemployment Tax…

A: Journal entries refers to the concept of noting all the daily transactions of a company in its books…

Q: Total payroll of a company was $2,820,000, of which $510,000 represented amounts paid in excess of…

A: Gross  Multiply: FICA rate   Wages to $128,400 (2820000-510000)          2,310,000 7.65%…

Q: Answer please

A: Total payroll =250000 income tax =10%=25000 Remaining =250000-25000=225000 Remaining =225000 Union…

Q: 9. Oates Company's payroll for the week ending January 15 amounted to $50,000 for Office Salaries…

A: Payroll taxes are the taxes collected from the employers by the government. It is the tax that is…

Q: Widmer Company had gross wages of $155,000 during the week ended June 17. The amount of wages…

A: Social Security tax payable = wages subject to social security tax ×6% = $139,500 × 6% = $8370

Q: An employee receives an hourly rate wage of $24, with time and a half for All hours worked in excess…

A: In this case, we have to deduct all the withheld income tax, Social Security tax & Medicare tax…

Q: The total payroll of Waters Company for the month of October 2007 was $360,000. Taxable wages for…

A: If you have any questions let me know in comment box thankyou for your question.

Q: An employee receives an hourly wage rate of $23, with time-and-a-half for all hours worked in excess…

A: Definition: The net amount payable to the employee is the amount paid net of taxes. It is calculated…

Q: The payroll of Sweet Company for September 2025 is as follows. Total payroll was $434,000, of which…

A: In accounting, FICA stands for the Federal Insurance Contributions Act. FICA is a federal payroll…

Q: Urban Window Company had gross wages of $208,000 during the week ended July 15. The amount of wages…

A: The taxes that are paid by both the employer and the employee to support the country's employee…

Q: The payroll of Ayayai Company for September 2025 is as follows. Total payroll was $458,000, of which…

A: The journal entry to record the salary and wages paid and the employee payroll deductions: Date…

Q: The total payroll of Trolley Company for the manth of October, 2023 was $960,000, of which $780,000…

A: Payroll taxes refer to those taxes paid by both employer and employee in order to fund the employee…

Q: The payroll of Grich Company for September 2022 is as follows:   Total payroll was $960,000, of…

A: Journal Entry is the primary step to record the transaction in the books of accounts. The increase…

Q: The payroll of Sarasota Company for September 2019 is as follows. Total payroll was $492,000, of…

A: Payroll register is maintained to keep a record of payroll expenses. The  payroll expense is paid by…

Q: The payroll of Grouper Corp. for September 2023 is as follows. Total payroll was $530,000.…

A: The taxes that employers must withdraw from their employee's paychecks and pay to different…

Q: Determine the total employee withholdings

A:

Q: Pretax accounting income is computed to be $117,000 after including the effects of the appropriate…

A: Taxable income is the income earned during the period which is taxable by the taxation authorities.…

Q: Robart Services  pays its employees monthly. The payroll information listed below is for January…

A: Tax expense is the amount of tax paid by the entity on its income. It is paid to the taxation…

Q: The payroll of Ruth Ltd. for September 2020 is as follows (amounts in thousands): total payroll was…

A: Under double entry system of bookkeeping one account is debited and other is credited.  Assets and…

Q: As of June 30, 2020 (the computation date for the 2021 tax rate), Sanchez Company had a negative…

A: a) Since due to a negative balance of $1,190, the company is coming in the 7.2% bracket, for…

Q: Widmer Company had gross wages of $309,000 during the week ended June 17. The amount of wages…

A: Step 1: Preparation of entry for payroll of the week.DateAccount Titles and…

Q: The payroll of Wildhorse Company for September 2025 is as follows. Total payroll was $458,000, of…

A: Payroll taxes refer to those taxes paid by both employer and employee in order to fund the employee…

Q: XYZ Company had gross wages of $355,000 during the week ended November 30. The amount of wages…

A: Social security tax: Social Security tax, also known as FICA tax (Federal Insurance Contributions…

Q: Giblin’s Goodies pays employees weekly on Fridays. However, the company notices that March 31 is a…

A: Journal entry is a process of recording the business transaction into books of accounts initially.…

Q: Greensburg Inc. had the following payroll for October 2020:               Employee Wages…

A: What are journal entries? It is the first step to record the financial transactions in the books of…

Q: The payroll of Swifty Company for September 2019 is as follows. Total payroll was $ 444,000, of…

A: A journal entry is a form of accounting entry that is used to report a business transaction in a…

Q: remedy in recovering the overwithholding? a. Claim the overwithholding as tax credit for the year b.…

A: Tax is a liability for the company calculated on the income earned by the company and paid to the…

Q: Cullumber Hardware payroll for November 2020 is summarized below.           Amount Subject to…

A: Applicable Tax Rates FICA- 7.65% (For Factory and Administration) FICA- 1.45% (For Sales- 21,300)…

Q: Burbaker Company pays its employees every other Friday. December 31, 2020, was a Sunday. On Friday,…

A: Payroll is the total amount of money that an association pays its workers over a given time period;…

Q: Urban Window Company had gross wages of $310,000 during the week ended July 15. The amount of wages…

A: Journal: Recording of a business transactions in a chronological order.