D. JUuTIan2c tie Ch C. Journalize the entry to record the payment of the payroll. Obj. 2 EX 10-11 Payroll tax entries According to a summary of the payroll of Mountain Streaming Co., $110,000 was subject to t 6.0% social security tax and the 1.5% Medicare tax. Also, $25,000 was subject to state and fede unemployment taxes. a. Calculate the employer's payroll taxes, using the following rates: state unemployment, 5.4% federal unemployment, 0.8%. b. Journalize the entry to record the accrual of payroll taxes. E00 KCEL TEMPLATE EX 10-12 Payroll entries The payroll register for D. Salah Company for the week ended May 18 indicated the following: Obj. 2
D. JUuTIan2c tie Ch C. Journalize the entry to record the payment of the payroll. Obj. 2 EX 10-11 Payroll tax entries According to a summary of the payroll of Mountain Streaming Co., $110,000 was subject to t 6.0% social security tax and the 1.5% Medicare tax. Also, $25,000 was subject to state and fede unemployment taxes. a. Calculate the employer's payroll taxes, using the following rates: state unemployment, 5.4% federal unemployment, 0.8%. b. Journalize the entry to record the accrual of payroll taxes. E00 KCEL TEMPLATE EX 10-12 Payroll entries The payroll register for D. Salah Company for the week ended May 18 indicated the following: Obj. 2
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
100%
Only Exercise 10-11 ,thank you!

Transcribed Image Text:10. Net amount Paiu
Accounts debited:
$ 285,000
11. Factory Wages
12. Sales Salaries
120,000
13. Office Salaries
a. Calculate the amounts omitted in lines (1), (3), (8), and (12).
b. Journalize the entry to record the payroll accrual.
C. Journalize the entry to record the payment of the payroll.
Obj. 2
EX 10-11 Payroll tax entries
According to a summary of the payroll of Mountain Streaming Co., $110,000 was subiect to
6.0% social security tax and the 1.5% Medicare tax. Also, $25,000 was subject to state and federal
unemployment taxes.
Va. $9,800
a. Calculate the employer's payroll taxes, using the following rates: state unemployment, 5.4%.
federal unemployment, 0.8%.
b. Journalize the entry to record the accrual of payroll taxes.
SHOW ME HOW
EXCEL TEMPLATE
EX 10-12 Payroll entries
The payroll register for D. Salah Company for the week ended May 18 indicated the following:
Obj. 2
SHOW ME HOW
Salaries
$615,000
Federal income tax withheld
165,000
The salaries were all subject to the 6.0% social security tax and the 1.5% Medicare tax. In addition,
state and federal unemployment taxes were calculated at the rate of 5.4% and 0.8%, respectively,
on $45,000 of salaries.
a. Journalize the entry to record the payroll for the week of May 18.
b. Journalize the entry to record the payroll tax expense incurred for the week of
May 18.
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