DATE DESCRIPTION POST. REF. DEBIT CREDIT 20--           Oct. 23 Administrative Salaries 51 2,307.69       Office Salaries 52 4,723.08       Sales Salaries 53 3,600.00       Plant Wages 54 5,219.60          FICA Taxes Payable - OASDI 20.1   982.72        FICA Taxes Payable - HI 20.2   229.84        Employees FIT Payable 24   871.00        Employees SIT Payable 25   486.63        Employees SUTA Payable 25.1   9.50        Employees CIT Payable 26   613.60        Group Insurance Premiums Collected 27   182.10        Union Dues Payable 28   16.00        Payroll Cash 12   12,458.98               23 Payroll Taxes 56 1,395.19          FICA Taxes Payable - OASDI 20.1   982.72        FICA Taxes Payable - HI 20.2   229.83        FUTA Taxes Payable 21   3.72        SUTA Taxes Payable - Employer 22   178.92             Nov. 4 Employees SIT Payable 25 486.63          Cash 11   486.63               6 Union Dues Payable 28 32.00          Cash 11   32.00                                     1.OCTOBER 23 PAYDAY:  What is the total amount of group insurance withheld for all employees?   2.OCTOBER 23 PAYDAY:  What is the amount of the credit to SUTA Taxes Payable—Employer? 3.OCTOBER 23 PAYDAY: What is the balance of FICA Taxes Payable—OASDI? 4.OCTOBER 23 PAYDAY:  What is the balance of Union Dues withheld for the employees?

Q: Record payroll for period.

A: Payroll is the list of amount due to each employee in return of services rendered by them. The net…

Q: The fiscal year of the business is June 1 to May 31

A: FUTA- The Federal Unemployment Tax Act (FUTA) is a regulation that applies to professions or…

Q: Water Cruises rents canoes and other water crafts to campers and hikers. On February 15, 2021, Water…

A: Payroll register is a tool that contains information regarding wages like gross pay, income tax,…

Q: Exhibit 6-1 The totals from the first payroll of the year are shown below. Total Earnings $36,195.10…

A: Payroll tax: A payroll tax is a tax withheld from an employee's salary by an employer who remits it…

Q: The following monthly data are taken from Ramirez Company at July 31: Sales salaries, $700,000;…

A: Answer:- FICA stands for the Federal Insurance Contributions Act and is deducted from each paycheck.…

Q: Question 3 6 p An employee has total gross wages of $7,000, federal withholding of 15% and state…

A: Payroll taxes generally includes the FICA Tax as well as withholding tax which will be levied on the…

Q: Payroll Journal Entry Regular earnings $ 5,715.00 Overtime earnings   790.00 Deductions:…

A: Journal entry: Journal entry is a set of economic events which can be measured in monetary terms.…

Q: Which entity is most likely to be part of both the payroll cycle Pand the expenditure cycle اختواحد…

A: Cash disbursement represents the distribution of cash from one party to another. It is the cash…

Q: Department Payroll Factory Sales Office Total Wages $77000 23000 $22430. 17000 O $8430. O $14830. O…

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

Q: D. JUuTIan2c tie Ch C. Journalize the entry to record the payment of the payroll. Obj. 2 EX 10-11…

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A: The payroll taxes are the taxes that employers deduct from the salary of employees and deposit the…

Q: I need some help with requirement 3.

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A: Answer:- The amount or proportion of anything expressed in terms of 100 can be determined using the…

Q: Payroll Entries The payroll register for Schmidt Company for the week ended April 29 indicated the…

A: A payroll journal entry is a financial accounting entry used to recordthat records the expenses…

Q: None

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Q: Journalizing Payroll Transactions On December 31, the payroll register of Hamstreet Associates…

A: Payroll is the compensation amount paid to its employees by a company for a set period and on a…

Q: Exhibit 6-1 The totals from the first payroll of the year are shown below. Total Earnings $36,195.10…

A: Payroll tax: A payroll tax is a tax withheld from an employee's salary by an employer who remits it…

Q: SoC. SEC. TAX TAX TAX TAX L00 636.00 18.00 39.43 9.22 6.3 17.00 39.99 9.35 22.5 13.00 27.28 6.38…

A: The calculation as,

Q: Prepare a payroll check for Janice burns for the week ending March 23,20

A: Fill each blank as follows. Date : March 23 Pay to the order of : Burns, Janice…

Q: Department Payroll Factory Sales Total Wages $77000 23000 Federal Income Tax Withheld $8000 4000…

A: The payroll taxes are the taxes that employers deduct from the salary of employees and deposit the…

Q: he journal entry to record the payroll from Figure 6.1, on pages 6-2 and 6-3, would be:   Debit…

A: a. Record journal entry for payment of wages, payroll and withhold taxes payable as shown below:…

Q: The following totals for the month of April were taken from the payroll records of Sheridan Service…

A: Salaries and wages expense refers to the total amount of money that a business pays to its employees…

Q: cotals from the first payroll of the year are shown below. otal FICA FICA FIT State Union Ne rnings…

A: A journal entry is used to record day-to-day transactions of the business by debiting and crediting…

Q: The following data for Throwback Industries Inc. relate to the payroll for the week ended December…

A: Payroll is the method used to compensate employees for the work they have completed. This involves…

Q: Merger Company has 10 employees, each of whom earns $2,200 per month and has been employed since…

A: Solution:Journal entry:No. Account titles & explanationDebit $Credit $Mar. 31Payroll tax…

Q: JOURNAL     Page  43             DATE DESCRIPTION POST. REF. DEBIT CREDIT 20--           Nov. 6…

A: In the context of the given question, we should answer the questions asked from the journal entries.…

Q: ACTO-100-0H-Accounting Procedures-CRN 55460 Assignments apter 10" 11) Seved The payroll register of…

A: These are all employee payroll taxes that an organization has to pay while it is paying them…

Q: The following totals for the month of April were taken from the payroll records of Metz Company.…

A: Employer's payroll taxes include various taxes and deductions that an employer must withhold and…

Q: Based on the payroll information for Romac Electric that follows. Total gross earnings: $2,462.00…

A: Tax refers to the compulsory or mandatory obligation which is financially imposed on the taxpayer…

Q: Calculate gross pay, deductions, and net pay. Prepare the journal entry to record wages expense and…

A: Step 1 Payroll is the total of all compensation or remuneration given by a business entity to its…

Q: 3 ts erences Paradise Hills Berry Farm has 25 employees who are paid biweekly. The payroll register…

A: Journal entries are those which are recorded for every transaction which takes place during the…

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A: Financial transactions are initially recorded in the form of journal entry.

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Employee Benefits

In an organization employees are the most important resource and most important asset. They can lead an organization to the sky or can be the reason for unsuccessful of business. Therefore, it is very much important that employees of an organization should be satisfied by the environment of the organization and most importantly with the salary, wages incentives, etc.