Journalize the following data taken from the payroll register of CopyMasters as of April 15, 20—: Regular earnings $5,715.00 Overtime earnings $790.00 Deductions: Federal income tax $625.00 Social Security tax $403.31 Medicare tax $94.32 Pension plan  $80.00 Health insurance premiums   $270.00 United Way contributions      $100.00

Q: Provide the journal entry to record the payroll tax expense for the period.

A: Given: Withheld social security = $ 4,200 Tax of Medicare = $ 1,050 Total salaries = $ 70,000…

Q: The payroll register of Heritage Co. indicates $12,000 of social security withheld and $3,000 of…

A: Taxes and Deduction of: Social Security Tax Medicare Tax Employees Federal Income Tax  Retirement…

Q: Journalizing And Posting Payroll Entries Cascade Company has four employees. All are paid on a…

A: DATE  PARTICULARS DOC.NO POST. REF. DEBIT CREDIT 1 15 JUNE Social security tax payable    212…

Q: Journalizing And Posting Payroll Entries Cascade Company has four employees. All are paid on a…

A: There are different accounts are prepared.

Q: The following information about the payroll for the week ended December 30 was obtained from the…

A: Social Security Tax Payable  = Gross salaries x Social security tax rate = $352,000*6% = $21,120…

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: %24 %24 %24 xoon Mail - Joel Lopez - Outlook ezto.mheducation.com Chapter 12 Working Papers.x x…

A: Journal entries shows the recording of the transactions during the accounting year and every…

Q: BNW Inc. had a weekly payroll of $11,000 for three employees with mandatory withholdings of social…

A: The process for initially recording business transactions in the books of accounts is known as a…

Q: The payroll register of Seaside Architecture Company indicates $800 of Social Security and S211 of…

A: Earnings subject to state and Federal unemployment taxes = $5,200 State unemployment tax payable =…

Q: The payroll register for Star Express & Company for the pay period ended January 31, 20--, showed…

A: Journal entries: Date Account journal Debit $ Credit $ Jan 31 Salaries and wages expense…

Q: The payroll register of Heritage Co. indicates $13,800 of social security withheld and $3,450 of…

A: State unemployment tax payable= Earnings x State rate= $36000*5.40%= $1944 Federal Unemployment tax…

Q: $ 9,814.40 Total gross earnings of all employees: Total social security tax withheld: 608.49 Total…

A: Payroll tax is a tax which is used to deducted to social security and Medicare expenses of employees…

Q: E8.2 An abbreviated payroll register for the Achermann Corporation for the week ending August 18,…

A: Journal entries are the primary method of recording financial transactions in an accounting system.…

Q: according to a summary of the payroll of Scotland company, salaries for the. Were 500,000 federal…

A: Introduction: A journal is the official book of the firm in which all transactions are documented in…

Q: The following information about the payroll for the week ended December 30 was obtained from the…

A: Social Security Tax Payable  = Gross salaries x Social security tax rate = $352,000*6% = $21,120…

Q: View Policies Current Attempt in Progress Assume the following data for Sandhill Home Appliance…

A: A simple journal entry is an accounting entry in which just one account is debited and one is…

Q: Calculation and Journal Entry for Employer Payroll Taxes Portions of the payroll register for La…

A: Taxation: Taxation refers to the imposition of compulsory financial obligations by the government on…

Q: The payroll register of Seaside Architecture Company indicates $860 of Social Security and $211 of…

A: Federal tax=Unemployment compensation tax×0.8%=$5,300×0.8%=$42.4

Q: Journalize Payroll Tax The payroll register of Wang Engineering Co. indicates $2,022 of social…

A: Payroll expense means expenses related to employees compensation. Several taxes needs to be deducted…

Q: Journalize Payroll Tax The payroll register of Wang Engineering Co. indicates $2,712 of social…

A: Payroll taxes: Payroll taxes are the taxes withheld by the employers from the wages/salary payable…

Q: The following accounts, with the balances indicated, appear in the ledger of Garcon Co. on December…

A: GIVEN   Account No. Account Name Balance 211 Salaries Payable — 212 Social Security…

Q: The following totals for the month of April were taken from the payroll records of Windsor, Inc..…

A: The process of documenting commercial transactions for the first time in the books of accounts is…

Q: The following information about the payroll for the week ended December 30 was obtained from the…

A: Social Security Tax Payable  = Gross salaries x Social security tax rate = $352,000*6% = $21,120…

Q: CALCULATING PAYROLL TAXES EXPENSE AND PREPARING JOURNALENTRY Selected information from the payroll…

A: SUTA stands for "The State Unemployment Tax Act".  SUTA tax will be levied on the total unemployment…

Q: Journalize Payroll Tax The payroll register of Wang Engineering Co. indicates $966 of social…

A: State unemployment tax payable = 5000×5.4% =$270

Q: The payroll register of Patel Heritage Co indicates $2,280 of social security withheld and $570.00…

A: Payroll: Payroll refers to the total amount that is required to be paid by the company to its…

Q: The following totals for the month of April were taken from the payroll records of Windsor, Inc..…

A: Payment of net payroll = Gross salaries - FICA taxes withheld - Income taxes withheld - Medical…

Q: Provide the journal entry for the period's payroll. If an amount box does not require an entry,…

A: Payroll:   The total payment that a company is required to pay to its employee for the services…

Q: The following accounts, with the balances indicated, appear in the ledger of Garcon Co. on December…

A: Part 1:

Q: he payroll register of Seaside architecture company indicates $915 of Social Security and $177 of…

A: A record is frequently recorded in the primary ledger; however, it may alternatively be entered in a…

Q: Provide the journal entry to record the payroll tax expense for the period. If an amount box does…

A: The imposition of the tax liability on the salaries of the employer or the employee is known as…

Q: The payroll register for Automotive Service Center for the pay period ended June 30, 20--, showed…

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

Q: Nov. 30: Journalized the monthly payroll for November, based on the following data. Description…

A: answers Description Debit Credit Sales Salaries Expense $135,000   Office Salaries…

Q: The following information about the payroll for the week ended December 30 was obtained from the…

A: Social Security Tax Payable  = Gross salaries x Social security tax rate = $352,000*6% = $21,120…

Q: trying to learn payroll pls explain step by step thank you! Payroll Journal Entry Regular earnings…

A: Journal entries are prepared to record the financial and non-financial transactions of the business.

Q: The payroll register for Star Express & Company for the pay period ended January 31, 20--, showed…

A: Social Security tax = Social Security Taxable Earnings x Social Security tax rate = 787000*6.20% =…

Q: Journalize Period Payroll The payroll register of Wang Engineering Co. indicates $960 of social…

A: Payroll taxes:  Payroll taxes are the taxes withheld by the employers from the wages/salary payable…

Q: Required Record the following in general journal form on May 31: a. Accrual of the monthly payroll.…

A: The salaries due to the employee is debited with the gross amount to salaries and wages expense by…

Q: Payroll Accounts and Year-End Entries The following accounts, with the balances indicated, appear…

A:

Q: The payroll register of Seaside Architecture Company indicates $870 of social security and S 217 of…

A: Lets understand the basics.Journal entry is required to make to record event and transaction in…

Q: Assume that the social security tax rate is 6% and the Medicare tax rate i 1.5%. In the following…

A: Payroll refers to the payment to be made by the employer to the employees for the services rendered…

Q: The payroll register of Clapton Co. indicates $11,340 of social security withheld and $2,835 of…

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Q: Summary Payroll Data Assume that the social security tax rate is 6% and the Medicare tax rate is…

A: The income paid to an employee is comprised of various components that make the total income. Taxes…

Q: Payroll Journal Entry 1.  Journalize the following data taken from the payroll register of…

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

Payroll Entries

Payroll is a comprehensive record of employees that are paid by the company. Payroll classifies employees into various categories according to their function and pays scale (basic wage, allowance, income tax, other taxes, employee loans, etc.). Payroll processes form the bedrock of every organization as it contains sensitive information on the ‘wage and paycheck’ portion of the company’s strength—its employees. The organization needs to keep a track of the employees currently on the payroll, the net payout for the company, the record of transactions related to the employees including deductions and payroll taxes to identify the liability and its effect on the balance sheet (and other financial statements). Payroll records also include qualitative factors such as the conduct of the employee.